Chicago Fed President on inflation, recession, and Trump’s attacks

0:03If you're going to have tariffs and then the war in the Middle East begins, so the price of oil goes up before the tariff shock went away, you got to keep a very close eye on how the inflation is going to transpire.

0:19But I don't want to be the guy who says this is a once-in-a-hundred-year flood.

0:24That's Austin Goolsby, president of the Federal Reserve Bank of Chicago.

0:29I wanted to talk to Austin as the Fed heads into a big gathering today in Jackson Hole, Wyoming, to get an insider's perspective on the state of the U.S.

0:39economy and how the Fed may act under the new leadership of Chair Kevin Warch.

0:44Austin shares eye-opening insights about what business leaders may be misreading about inflation, AI impacts, and the future of employment.

0:54And he talks directly about how the Fed operates in the face of pressure from the Trump White House.