The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors impacting the American economy,

Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation.

Chicago Federal Reserve Bank President Austan Goolsbee on Monday said the U.S. central bank is currently in a "wait-and-see" mode and needs more clarity on the total economic impact of the Trump administration's new policies including tariffs,

Federal Reserve Bank of Chicago President Austan Goolsbee said late Monday that the US central bank needs more clarity before going back to cut the interest rates .

Chicago Federal Reserve President Austan Goolsbee on Thursday said he does not expect the inflation reading the U.S. central bank uses to set its inflation target to be as "sobering" as the previously reported Consumer Price Index figures.

Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation. The figure “wasn’t a great number,” Goolsbee said Sunday in an interview on News Nation. “But it’s only one month of data. You need at least two or three months for that to count.”