Chicago, head of the Federal Reserve, says it raises recession concerns, says the interest rate decision is likely to be delayed amid the induction uncertainty.
The Federal Reserve President in Chicago says that the Federal Reserve may have to delay the interest rate decisions amid President Donald Trump’s volatile policies.
The leader of the Federal Reserve in Chicago Austan Golsby Warn In a new interview with CNBC that Trump’s policy options can also lead to an inexpensive economic environment known as stagnation, which is dominated by stagnant economic growth, high enlargement and high unemployment.
“In the short term, we just have to wait for the dust to get out of the air … everything is always on the table, but I feel that the bar, for me, is a little higher to work in any direction while waiting for us to get some clarity.
After that, in the long run, if they put a tariff that has a stagnation effect, and this means that slow production is by raising the cost of production, while raising prices as well, this is the worst position of the central bank. ”
Goolsbee says the Chicago Federal Reserve was in talks with business owners in their areas who say they hope to consider politics.
“For them, the CEO of a construction company said that they are now at the moment of a bullet to stay where you should wait only. If there is every week, every month or every day, there will be a new major advertisement, they cannot take action until some of these things are resolved.”
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