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Fed's Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook

BY Reuters | ECONOMIC | 07/11/25 03:27 PM EDT

July 11 (Reuters) - U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.

"I've got to wait until that noise kind of dies down, that anxiety dies down, before I'm gonna be comfortable that we are back on the old golden path, as I called it, to a stable soft landing," Goolsbee said in a "Moody's Talks: Inside Economics" podcast taped on Thursday and released on Friday. "If we, every six weeks, have to revisit whether we're about to have some big supply shock, that's messy at the least." (Reporting by Ann Saphir; Editing by Leslie Adler)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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