Fed's Goolsbee: It's likely rates will come down if we get some resolution

It is possible like I say tariffs are the all imported goods is only 11% of GDP. So if it stays in its lane it can be have a modest impact. I'm a friend and fan of Governor Wallers.We get along very well. My and I do think in a theoretical he's right that a one-time tariff ought to be in theory a transitory inflation shock. But like I said, I gave a speech at the big auto symposium in in January which went just went through the thing that everyone knows that was literally the same logic at the time of CO th ...