1043 ET - Chicago Fed President Austan Goolsbee says the longer inflation stays elevated, it erodes his optimism for rate cuts in 2026. Before the war, Goolsbee says he was on the optimistic side about 2026 and rate cuts, as long as tariff related price increases proved temporary. "If inflation does not show any improvement or sign of improvement, then the time at which my optimism can kick back in just keeps getting postponed," he says in an interview with AP at the Semafor 2026 World Economy Summit. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
April 14, 2026 10:43 ET (14:43 GMT)
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