Chicago Fed President Austan Goolsbee on Tariffs, Inflation and AI

This episode of "What's News Sunday" features an interview with Chicago Fed Chair Austan Goolsbee on WSJ's "Take on the Week," where he discusses the U.S. economy, tariffs, and the upcoming Fed meeting. Goolsbee shares his perspective on the impact of tariffs on inflation, the strength of the U.S. economy, and the factors influencing the Federal Reserve's decisions on interest rates, including the dual mandate of stabilizing prices and maximizing employment. He also touches on the potential for a productivity boom driven by AI and cautions against repeating the boom and bust cycle seen with the internet in the late 90s. The conversation also explores the political dimension of the Fed's policies and concludes with Goolsbee's thoughts on the nightmare scenario for central banks: stagflation.