Fed’s Goolsbee Says Tariff Ruling Could Help Cool Inflation (1)

Federal Reserve Bank of Chicago President Austan Goolsbee said the Supreme Court’s decision to strike down many of President Donald Trump’s sweeping global tariffs may cause more uncertainty for businesses but could also help cool inflation.

“The more unpredictability you have, the more question marks that the businesses have about policy,” Goolsbee told reporters late Monday in Washington. “The dynamic of low hiring, low firing — which I believe came from business uncertainty — is made even more solidified by adding more uncertainty. That said, it could bring relief to the inflation side.”

The administration is seeking new legal avenues ...