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The Federal Reserve's Goolsbee: The Federal Reserve is waiting to understand the impact of tariffs, the data still appears noisy.
[The Federal Reserve (FED) Goolsbee: The Federal Reserve (FED) is waiting to understand the impact of tariffs, and the data remains noisy] The Federal Reserve (FED) Goolsbee said on Wednesday that the data showing moderate consumer inflation in April does not necessarily reflect the impact of rising import tariffs, and the Federal Reserve (FED) still needs more data to understand the trends in prices and the economy. Goolsbee stated, "There is sometimes a lot of dust in the air, and we hear a lot of noise... We are trying to find that main line."