Fed's Goolsbee Warns of Economic Disruption Amid Consumer and Business Uncertainty

According to BlockBeats, Federal Reserve official Goolsbee has warned that the U.S. economy could face significant disruption if consumers halt spending due to uncertainty or if businesses pause investments. While theoretically, the impact of tariffs on prices should be temporary, factors such as retaliatory tariffs and taxes on intermediate goods could lead to more prolonged effects. Goolsbee emphasized that despite surveys indicating that business and consumer confidence is "nearly at rock bottom," tangible data still suggests robust economic growth in the United States. He maintains his previous assessment, anticipating interest rate cuts within the next 12 to 18 months.