Fed’s Goolsbee says it’s ‘not realistic’ to expect business or central banks to make major decisions

Quick Summary:

Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring well, Chicago Fed president Austan Goolsbee said.

April’s CPI report released Tuesday showed overall inflation was at 2.3% while core inflation, which excludes volatile food and energy prices, came in at 2.8%.

Federal Reserve Chair Jerome Powell has reiterated throughout the year that the central bank doesn’t need to rush into any decisions one way or the other.

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Article Details

Author / Journalist: Paolo Confino

Category: EconomyBusiness

Markets: United States

Topics: Federal Reserve Tariffs and trade Inflation Interest Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 15:11:05 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 159 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28714910

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Official Website: fortune.com

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