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TechFlow news, July 11 — According to Jinshi Data, Fed's Goolsbee said there are currently not many signs indicating that tariffs have driven up inflation. He does not understand the view that the Fed should cut rates to reduce government debt costs, adding that the Fed's mandate is about employment and prices.
According to Jinshi Data, Federal Reserve's Austan Goolsbee said there are not yet many signs that tariffs have driven up inflation, and he doesn't understand the view that the Fed should cut interest rates to reduce the government's debt costs, as the Fed's mandate is focused on employment and prices.
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