Chicago Fed President on inflation, recession, and Trump’s attacks

The U.S. economy remains strong, but core inflation is still above the Fed’s target, and the job market is sending mixed signals. Austan Goolsbee, President of the Chicago Fed, explains why the combination of tariffs, war in the Middle East, and six years of above-target inflation has created the most dangerous inflation environment he’s seen. He discusses what Kevin Warsh’s new leadership means for how the central bank will operate. Goolsbee also offers a “grim optimist” view on AI, and shares which metrics business leaders should watch to stay ahead of the Fed’s next move.