Chicago Federal Reserve President Goolsbee (who will have FOMC voting rights in 2025): The U.S. January non-farm payroll report is &#34;solid.&#34;
We are in a state of full employment to some extent.
Wage growth is roughly in line with the 2% (inflation target).
Long-term inflation expectations remain firmly anchored.
(Tariffs initiated by U.S. President Trump) may &#34;distort&#34; supply chains.
One-time tariffs are a temporary (inflation) shock.
(Retaliatory measures from other countries against the U.S.) will complicate the impact of (Trump's) tariffs

Federal Reserve official Goolsbee stated that the U.S. January non-farm payroll report is solid, indicating full employment, and wage growth is consistent with the 2% inflation target. Long-term inflation expectations are anchored, but Trump’s tariffs may distort supply chains, causing temporary inflationary shocks, and countermeasures will complicate their effects

Federal Reserve officials cool down "one-year inflation expectations rebounding to 4.3%": long-term inflation expectations remain anchored