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Market Watch · Apr 20, 2025 8:05 PM EDT MacroGeopolitics

Fed’s Goolsbee warns economic activity may slump this summer after ‘artificially high’ pre-tariff bump

U.S. economic activity may appear “artificially high” before dropping off this summer, Chicago Federal Reserve President Austan Goolsbee said Sunday, as businesses and consumers look to stock up before the Trump administration’s tariffs take effect.

Fed’s Goolsbee warns economic activity may slump this summer after ‘artificially high’ pre-tariff bump
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