Federal Reserve Goolsbee: It looks like we are on the verge of achieving full employment.
Federal Reserve Goolsby: After recent observations, I am optimistic that tariffs will not ultimately become a significant barrier to trade.
Federal Reserve Goolsbee: Theoretically, a one-time tariff increase is short-lived and may not require a policy response.
Federal Reserve Goolsby: (When asked about deeper rate cuts) Pay attention to the dot plot, which doesn't show inflation falling so fast or unemployment rising so high.
Federal Reserve Goolsby: I'm concerned that if we maintain this level of tightening, the likelihood of a recession could increase.
Federal Reserve Goolsby: I think our policy is restrictive.
Federal Reserve Goolsbee: Given the rise in inflation, we must wait and see what happens to policy.