Federal Reserve Bank of Chicago president Austan Goolsbee. — Bloomberg
CHICAGO: Federal Reserve (Fed) Bank of Chicago president Austan Goolsbee says the central bank should proceed more cautiously in lowering borrowing costs amid mounting uncertainty introduced by the Trump administration.
“Now we’ve got to be a little more careful and more prudent of how fast rates can come down because there are risks that inflation is about to start kicking back up again,” Goolsbee said Monday in an interview on American Public Media’s Marketplace programme.
