11 April | Dollar

Chicago Fed President calls for wait-and-see approach to monetary policy

Chicago Fed President calls for wait-and-see approach to monetary policy

According to Chicago Fed President Austan Goolsbee, high levels of uncertainty sparked by aggressive US tariffs make the case for the regulator's wait-and-see approach to monetary policy.

The duties imposed by President Donald Trump—even if currently suspended—continue to significantly impact the US economy. As the policymaker notes, there's no generic playbook for how the Federal Reserve should respond to such tariff hikes. He estimates these measures are creating a stagflationary shock. Still, Goolsbee suggests that if the situation improves, US interest rates could be lower in 12–18 months.

Financial markets are under strain, with the pressure extending beyond US assets to global securities, Chicago Fed President believes. Still, he emphasizes that long-term US Treasuries remain a reliable safe haven in turbulent times.

Anton Volkov MarketCheese
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
Today at 11:38 AM 81
Period: 24.09.2025 Expectation: 1500 pips
USDCAD is set to fall ahead of interest rate decisions
Today at 10:57 AM 67
Period: 23.09.2025 Expectation: 500 pips
NVIDIA shares approach gap closure at $170.50
Today at 10:26 AM 63
Period: 31.12.2025 Expectation: 200 pips
Buying NVIDIA shares with $195 in view
Today at 08:54 AM 22
Period: 24.09.2025 Expectation: 1300 pips
EURUSD is expected to correct after Fed announces rate decision
Today at 07:14 AM 70
Period: 23.09.2025 Expectation: 3000 pips
Buying Bitcoin with $118,800 target amid consolidation
Yesterday at 10:53 AM 227
Go to forecasts