Fed's Goolsbee: We need some resolution on tariffs to understand the impact on inflation | Metals Mine

  • Fed's Goolsbee: We need some resolution on tariffs to understand the impact on inflation

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35T
Jul 18, 2025 2:18pm
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Translation: I am a partisan democrat hack that got this job because I went on TV a lot and talked trash about non democrats. I voted to print a trillion dollars in fake money and caused a 50% increase in inflation. But nothing is my fault, not now, not ever. I refused to raise interest rates even when inflation was out of control, and only lowered them when I thought it would get Biden elected. Everything is orange man's fault, everything, nothing the Fed has ever done is a problem in anyway.
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PiipPool
Jul 18, 2025 6:10pm
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Quoting 35T
Translation: I am a partisan democrat hack that got this job because I went on TV a lot and talked trash about non democrats. I voted to print a trillion dollars in fake money and caused a 50% increase in inflation. But nothing is my fault, not now, not ever. I refused to raise interest rates even when inflation was out of control, and only lowered them when I thought it would get Biden elected. Everything is orange man's fault, everything, nothing the Fed has ever done is a problem in anyway.
That isn't what he said at all. You think you're reading between the lines when in reality you're just making shit up
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Vancarbon
Jul 19, 2025 12:22pm
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Quoting Eurorally
"Where is the inflation" continue asking all those devoid of any knowledge of economics but believing that "idiot Trump wants to destroy the national economy and American consumers will pay for it."
Well, I’d like to think some Fed governors have actual knowledge of the economic fundamentals .

You would think so wouldn’t you !

Let’s not forget the whole ensemble of economists employed by the Fed .

Unless of course, this is entirely a political vendetta by the whole Fed board , considering they all have a vote . Now that’s what I call a great conspiracy theory .
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Eurorally
Jul 20, 2025 8:55am
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Quoting Vancarbon
{quote} Well, I’d like to think some Fed governors have actual knowledge of the economic fundamentals . You would think so wouldn’t you ! Let’s not forget the whole ensemble of economists employed by the Fed . Unless of course, this is entirely a political vendetta by the whole Fed board , considering they all have a vote . Now that’s what I call a great conspiracy theory .
I do not think this is a vendetta. It may just be the lack of knowledge of economics. Surprised? For economics is actually a science and scientifc methods of inquiry should be applied to it. Though economics is sometimes called a "dismal science" precisely because many think of it and many teach it as merely talk of the type "on one hand and on the other hand." This is why president Truman wanted a one handed economist.

More to the point, our dear FED has never been good at forecasting anything ("so many economists" you say). The proof is in the pudding: In the Spring of 2008 the FED pronounced the national economy to be sound ("the economic wizard" Senator Frank did it in July 2008) and in August of the same year the national economy went bust.
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Eurorally
Jul 19, 2025 12:06pm
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"Where is the inflation" continue asking all those devoid of any knowledge of economics but believing that "idiot Trump wants to destroy the national economy and American consumers will pay for it."
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Trader#71D3
Jul 18, 2025 2:14pm
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Holy shit you guys are useless.
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RiskPilot
Jul 19, 2025 12:55am
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“Chicago Fed’s Goolsbee highlights the ongoing ‘drip‑drip’ of tariff announcements as a major headwind for rate guidance — saying they muddy the inflation outlook and likely push back expected rate cuts. With CPI at 2.7%, clarity in trade policy becomes essential before the Fed can move confidently toward easing.
Observing tariff developments closely is key, as they now look set to dictate the timing of the next Fed move.”
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PeaceOfSlime
Jul 19, 2025 3:52am
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Quoting 35T
Translation: I am a partisan democrat hack that got this job because I went on TV a lot and talked trash about non democrats. I voted to print a trillion dollars in fake money and caused a 50% increase in inflation. But nothing is my fault, not now, not ever. I refused to raise interest rates even when inflation was out of control, and only lowered them when I thought it would get Biden elected. Everything is orange man's fault, everything, nothing the Fed has ever done is a problem in anyway.
Man... talk about TDS... If anyone seems deranged here it's you
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Trader#DDAC
Jul 19, 2025 5:48am
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Quoting Trader#82D2
Wow. Seems like anyone can do Feds job, as long as they can read numbers and understand english.
Yes they can . Would be a bonus if they have real world , private industry experience, instead of being a lifetime govt employee or college professor. But that is rare.
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Trader#833D
Jul 19, 2025 8:53am
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Quoting Trader#82D2
Wow. Seems like anyone can do Feds job, as long as they can read numbers and understand english.
Why don't you go and apply for it, since you seem to know everything.
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Trader#82D2
Jul 18, 2025 8:57pm
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Wow. Seems like anyone can do Feds job, as long as they can read numbers and understand english.
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