Bullet points of Trump, Harris inflation arguments are questionable, Chicago Fed president says
- Goolsbee warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs
- He clarified the inflationary effects of higher tariffs, stating they may raise prices in the short term but not necessarily lead to long-term inflation
- Goolsbee's comments come as presidential candidates Trump and Harris make economic proposals focused on lowering costs and addressing inflation