Trump tariffs could lead to a summer drop-off in economic activity after an 'artificially high' start, Chicago Fed chief says

Chicago Federal Reserve President Austan Goolsbee is warning that new trade tariffs announced by President Donald Trump could lead to a slowdown in economic activity this summer, after a period of temporary growth spurred by panic buying and stockpiling.

Experts say when President-elect Donald Trump takes office, he could act unilaterally to enact tariffs, without support from a Congress that’s less excited about them than he is.

President-elect Donald Trump — who during the campaign called tariff "the most beautiful word in the dictionary"

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 by a summer drop-off.

Chicago Federal Reserve President Austan Goolsbee is warning that new trade tariffs announced by Donald Trump could lead to an economic downturn this summer, after a temporary boost caused by stockpiling and panic buying.

However, it is the uncertainty that bothers the SAS top management the most.

Fed's Goolsbee: Impact of tariffs on macro economy could be modest

In an interview with CNBC on Monday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that short-run inflation expectations are up and added that it's very important for long-run inflation expectations not to rise.