Fed's Goolsbee: Hope is that there will not be much inflation from tariffs, but there needs to be a few months of clarity

Thank you for that kind introduction. I thought today I could share my perspective on where the economy stands and where it may be headed. Before I jump in, let me share two notes of caution. First, nearly three months ago, I spoke on the state of the economy at the Economic Club of D.C. When I walked off the stage, someone showed me her phone. The stock market was surging. My first thought was, “Oh no, what’d I say?” Happily, it wasn’t me. While I’d been speaking, the reciprocal tariffs had been delayed. So, suffice it to say, what I share today only reflects what I know as of 8 a.m. this morning. Second, as always, the views I share today are mine alone and not necessarily those of anyone else on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. Fed's Barkin: Expects tariff policy to continue to change. Fed’s Barkin: Fed Policy Is Well Positioned For Where Economy Might Go - Amid Uncertainty, Fed Has Time To Take In Data - Inflation Will Be Pressured Higher By Tariffs - Doesn’t Expect Replay Of Pandemic Era Inflation Fed’s Barkin: Fed Faces Risks On Both Job, Inflation Mandates - Expects Tariff Policy To Continue To Change - Outlook For The Economy Remains Cloudy Fed’s Barkin: Recent Economic Data Has Been Solid - Recent Inflation Data Encouraging, Job Market Is Healthy - Businesses Still In Pause Mode Amid Uncertainty

The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for May 2025: The international trade deficit ...

DALY: THE FALL LOOKS PROMISING FOR A RATE CUT Federal Reserve's Mary Daly suggested that the fall may bring favorable conditions for a rate cut, as economic data points to easing inflation pressures. This outlook could influence market expectations, with investors anticipating… Fed's Daly: Very Focused On Getting Inflation Down To 2% - Believe Tariffs Will Have Temporary Effect On Inflation

The Conference Board Leading Economic Index®(LEI) for China decreased by 0.3% in May 2025 to 148.9 (2016=100), after decreasing by 0.5% in April. As a result, the LEI declined by ...