Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee admitted that tariff effects have remained far below what many policymakers initially feared, but expressed caution that the Fed still needs to watch "soft" data carefully to avoid getting caught in a crossfire between interest rates and inflation.
Key highlights
Critical to look at soft economic data at current moment of transition.
Tariffs are not unlike oil shocks with stagflationary implications.
Current form of uncertainty is disconcerting for economy.
Thus far, impact of tariffs not as bad as feared.
Tariff impact blunted by lowered levels, exemptions.
Less immediate pass through of tariffs relative to past.
Unclear right now how tariffs will drive inflation.
The surprise so far is that inflation has jumped yet on tariffs.
If we do not see inflation jump on tariffs, then economy still on golden path.
作者：Joshua Gibson，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()