In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.

Austan Goolsbee, president of the Chicago Fed, says Chair Warsh’s new policy to cut back on forward guidance could prevent dings to Fed credibility.

Kai speaks with Chicago Fed President Austan Goolsbee. Plus: beef prices, oil reserves, AI-driven inflation, and buried carbon.