Chicago Fed President Austan Goolsbee said in a webcast overnight that tariffs typically lead to a one-time price increase rather than sustained inflation. Drawing on textbook theory, he said a 10% tariff would create a 10% rise in prices for imported goods for “one year”, after which the inflationary effect dissipates. Such shocks are usually […]The post Fed’s Goolsbee warns against repeating ‘transitory’ mistake on tariff inflation appeared first on Action Forex.