Austan Goolsbee

His economic polling keeps getting worse by the day

The many trillions of dollars expected to be spent on AI infrastructure over the next several years risks overheating the US economy

The many trillions of dollars expected to be spent on AI infrastructure over the next several years risks overheating the US economy

Fox News reported that Senate candidates are confronting growing voter anger over the electricity costs, water consumption, and sprawling developments associated with artificial intelligence

Stocks fell on Wednesday as Treasury yields continued to climb, reaching a 19-year high

Goolsbee’s remarks come after the Fed hiked rates by 25 basis points last week

Goolsbee’s remarks come after the Fed hiked rates by 25 basis points last week

Bespoke Investment Group crunched the numbers and found that, since 1994, the S & P 500 has fallen 3.2% on a median basis in the month after the Fed kicks off a tightening cycle

Warsh was appointed by President Donald Trump after former Chair Jerome Powell's tenure ended in May

The remarks came after fresh inflation data reflected the lingering effects of higher oil prices during the recent Iran conflict, which pushed up transportation and energy costs across the economy

New Federal Reserve chairman holds US interest rates despite pressure from Donald Trump

The remarks build on a thesis Goolsbee first publicly ​aired earlier this month pushing back against the idea that AI is a disinflationary force that could give the central bank room to cut rates, a view ​embraced by many in the Trump administration and by Kevin Warsh, ​the Fed's new chair

In his eight years at the helm of America's central bank, Jerome Hayden Powell has guided the U.S. economy through extreme tumult and fought off unprecedented presidential efforts to undermine the Federal Reserve's independence

The vote was largely down party lines with just one Democratic senator — Pennsylvania’s John Fetterman — joining the chamber’s 53 Republican senators in backing him

US adds 115,000 jobs in April as labour market shrugs off energy shock

A stable labor market has given the Federal Reserve more flexibility to focus on mounting inflation risks stemming from the war in Iran, which have weakened the case among officials for interest rate cuts

The ​job market has been “stable ​without being good” and “I still think there's not a lot ​of evidence that ​the job market is falling ‌apart,” ⁠the official said in a CNBC interview

Others view impact of productivity gains as necessarily disinflationary

The war in Iran has kneecapped global supply chains for agriculture and bleeding-edge hardware

Newly released minutes from the Federal Reserve’s most recent rate-setting meeting revealed the concerns officials had about the potential economic fallout from the Iran war

The comments from Beth Hammack, president of the Federal Reserve Bank of Cleveland, come as the war enters its sixth week, sending gas prices surging nationwide and raising fresh fears about the U.S. economic outlook

Most notably, the central bank’s policymakers raised their estimate of long-term economic growth to 2 percent from 1.8 percent

The Federal Open Market Committee (FOMC) voted 11-1 to keep the benchmark federal funds rate at 3.5%-3.75% for the second consecutive meeting

The core debate in a week packed with major monetary policy meetings is whether an inflation spurt warrants interest rate rises — or whether central banks should treat the Iran-related ‌energy supply shock as temporary and focus instead on its parallel drag on demand

Global oil markets experienced one of the most dramatic swings in recent months as crude prices surged above $115 per barrel before plunging sharply within just 24 hours

Inflation likely was elevated last month even before the spike in oil and gas prices of the past two weeks that is expected to send consumer costs soaring in the months ahead

Inflation held steady in February — but the latest reading offers little clarity for Federal Reserve officials, who are navigating an increasingly complicated economic landscape

Just as President Donald Trump looks set to install a Federal Reserve chair aligned with his desire for lower interest rates, the president’s war on Iran likely makes those rate cuts harder to deliver

Services inflation meanwhile was "not tamed," running at a higher 3.2% annual rate last month

Federal Reserve Chair Jerome Powell refused to answer three straight questions about politics during his press conference Wednesday

Fed’s Goolsbee Says Central Bank Independence Key to Low Prices

The value of Chinese exports rose 6.1 percent from 2024 to $3.9 trillion last year leaving Beijing with a $1.2 trillion trade surplus

That’s despite U.S. levies that peaked at the triple digit level last year before stabilizing at around 47 percent at end-2025

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Trump sees Warsh and Hassett among Fed frontrunners, not Bessent