Cameron Albert-Deitch

Editor at CNBC

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

2 months ago | cnbc.com | Cameron Albert-Deitch |Cameron Albert Deitch

Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump's tariffs. The sudden buying binge is causing an "artificially high" level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee.

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