TechFlow, April 2 — According to Jinshi Data, Federal Reserve's Goolsbee said that if consumers stop spending due to uncertainty or businesses pause investment, the economy would fall into disarray. Theoretically, the impact of tariffs on prices should be temporary, but considering retaliatory tariffs and taxation on intermediate goods, the actual effects could be more persistent.
Goolsbee emphasized that although surveys show business and consumer confidence "nearly at rock bottom," real economic data still indicate solid U.S. economic growth. He maintained his previous assessment, expecting interest rate cuts within the next 12 to 18 months.
Add to Favorites
Share to Social Media
