"I still think my ultimate where-we're-going-to-land is a fair bit below where we are today," Austan Goolsbee said at auto symposium in Detroit.

A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach,

Trade wars could lead to supply-chain disruptions and an inflation spike similar to the early pandemic, Austan Goolsbee said.