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Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty

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75% Informative

Chicago Fed President Austan Goolsbee says the Fed likely will be on hold as it evaluates the ever-changing trade policy.

"Everything's always on the table. But I feel like the bar for me is a little higher for action in any direction while we're waiting to get some clarity," he said.

The Fed 's benchmark overnight borrowing rate is targeted between 4.25-4.5% , where it has been since December .

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86

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92

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49

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semi-formal

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English

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45

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short-lived

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