Chicago Fed President Austan Goolsbee on Tariffs, Inflation and AI

This week we’re bringing you an episode of our podcast WSJ’s Take On the Week, where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance. Last Tuesday, and before the Fed entered its dark period when they don’t speak to media they spoke with Austan Goolsbee, president of the Federal Reserve Bank of Chicago and voting member of the 2025 FOMC Committee, to discuss the economy, inflation, tariffs, escalating trade wars and the Federal Reserve's approach to monetary policy. Goolsbee explains how the economic conditions and the Fed’s dual mandate of stable prices and maximum employment plays into his decision making on cutting interest rates. Plus, he discusses the potential for AI to drive long-term productivity gains but cautions against the risk of an "exuberance bubble" similar to the dot-com era.Further Reading:  Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says  Learn more about your ad choices. Visit megaphone.fm/adchoices