Fed's Jefferson Sees Lower Growth
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At least one official at the Federal Reserve is still skeptical about the trajectory of inflation and the economy, despite developments this week that cheered investors.
Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts
May 9 (Reuters) - U.S. President Donald Trump's trade policies will likely lift inflation, lower growth ... Trump has nominated Fed Governor Michelle Bowman, a frequent critic of Barr's approach, to take over as the central bank's regulatory chief.
Al Drago / Bloomberg / Getty Images Federal Reserve officials speaking Friday emphasized the risks that tariffs imposed by the Trump administration will stoke inflation. The Fed, which manages the ...