Chicago Fed President dishes on inflation, recession and Trump’s attacks (Austan Goolsbee)

Austan Goolsbee, President of the Chicago Fed, joins Rapid Response ahead of the Central Bank’s highly-watched meeting in Jackson Hole, to give his most candid read on what’s actually going on with the economy. He explains why tariffs, war in the Middle East, and six years above the 2% inflation target make this the most dangerous inflation environment he’s seen, what Kevin Warsh’s new leadership means for how the Fed operates, and why he’s a “grim optimist” on AI even as the hype keeps outrunning the results. Plus, what business leaders should actually be watching to get ahead of the Fed’s next move.