News

Chicago Fed National Activity Index goes back into negative territory in March
The Chicago Fed National Activity Index ("CFNAI")  fell -0.03 in March, reversing from +0.24 in February, which was revised ...
Chicago Fed Chair Goolsbee Agrees With Bessent: 'Fed Independence Is A Jewel Box,' Awaits Tariff Revisit Before 'Jumping To Action'
Chicago Federal Reserve President Austan Goolsbee has underlined the need to wait for policy action on tariffs before jumping ...
Price hikes, a rush to buy autos, and uncertainty in wake of Trump tariffs -- Fed report
Prices are rising and economic activity has begun to slow across parts of the nation as businesses and households try to ...
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Fed's Goolsbee warns economic activity may slump this summer after 'artificially high' pre-tariff bump
Chicago Fed president says many business and consumers are preemptively stocking up U.S. economic activity may appear "artificially high" before dropping off this summer, Chicago Federal Reserve ...
Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially high' start, Chicago Fed chief says
Chicago Fed president Austan Goolsbee forecasts a potential short-term economic bump from President Trump’s tariffs, followed ...
Stock market slumps as Trump renews criticism of Federal Reserve Chair Jerome Powell
The stock market tumbled Monday as Wall Street grapples with ongoing tariff uncertainty and President Trump's attacks on ...
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Chicago Fed President Austan Goolsbee says a move by Trump to terminate Jerome Powell would ‘undermine the credibility of the Fed’
That’s led to a debate about whether the president has the power to remove Federal Reserve leadership. Chicago Fed President Austan Goolsbee says this move could “undermine the credibility of ...
Chicago Fed Research Director Will Lead Philadelphia Fed
Anna Paulson will get a turn voting on the Federal Reserve’s rate-setting committee next year.
Trump slams Jerome Powell as 'Mr. Too Late,' calls Fed chairman a 'major loser'
President Donald Trump slammed Federal Reserve Chair Jerome Powell on social media, calling him a "major loser" and "Mr. Too ...
Fed's Powell says tariffs could lead to inflation, economic slowdown
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
Chicago economist Anna Paulson will take over Philly Fed as Trump pressures central bank to cut the price of money
Anna Paulson, a career economist at the Federal Reserve’s Chicago bank, takes over in Philadelphia as President Trump is ...