Federal Reserve Chairman for the region Austan Goolsbee stated:

We need to assess the impact of tariffs on productivity, noting that since imports only account for 11% of GDP, the effect may be limited. While short-term inflation expectations are rising, long-term expectations remain stable, which is a positive sign.

He emphasized the need to "wait" to better understand trade dynamics before making policy decisions. If tariffs are just a one-time event, not met with a response or causing supply chain disruptions, then cutting interest rates would make more sense.

The views of Federal Reserve Chairman Jerome Powell are very important, and despite the current uncertainty, Regional Chairman Goolsbee still believes that interest rates will decrease within the next 12–18 months.