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Austan Goolsbee is the president and CEO of the Federal Reserve Bank of Chicago .
He says the Fed will lower interest rates in September for the first time in more than four years .
The biggest puzzle has been persistently high inflation rate on shelter and housing, he says.
Bank of America's CEO said there's a risk if the Fed does not start to move rates down.
Austan Goolsbee says a recession is not off the table for the Fed .
He says corporate markups are not a primary contributor to inflation.
But he says tariffs are not inflationary, but inflationary is about the rate of growth of prices.
He also says a one -time increase in costs will raise prices, but is not an extended inflationary thing.
VR Score
81
Informative language
85
Neutral language
52
Article tone
informal
Language
English
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31
Offensive language
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
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