Fed's Goolsbee (2027 voter) says policymakers face "double danger" from the Middle East conflict and US tariffs, FT reports
- Fed is at risk from “a little bit of danger on two fronts” at a time when inflation remained above its 2% goal.
Context
Fed's Goolsbee highlights a potential "double danger" from geopolitical turmoil in the Middle East and domestic tariffs while inflation remains elevated. This suggests a more complex environment for monetary policy, where the Fed needs to navigate both external shocks and internal pressures, potentially impacting rate decisions and market sentiment.
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