The recently released FOMC minutes showed that Jerome Powell and the US Federal Reserve are likely to maintain a cautious approach as long as Donald Trump’s tariffs remain in place. Chicago’s Austan Goolsbee has weighed in on this and suggested that the market could witness Fed rate cuts if these tariffs somehow go away. Fed Rate Cuts On The Table If Trump Tariffs End According to a Reuters report, the Chicago Federal Reserve Bank President stated that he believes the market would witness some Fed rate cuts if the big tariffs could end through trade deals or otherwise. Goolsbee made this statement given the current strength of the US economy and the fact that inflation is trending downward. This comes just following the release of the May FOMC meeting minutes, which showed that Jerome Powell and the committee are currently taking a cautious approach due to the Trump tariffs. The… Read More at Coingape.com
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