Federal Reserve's Goolsbee: The level of long-term inflation expectations is very important. Keeping inflation expectations stable is crucial for the Federal Reserve. Current inflation expectations are somewhat fragmented, but in the long run, they remain relatively stable. Political interventions in the Federal Reserve's work have caused problems. Current tariff policies exceed expectations. Changing tariffs increase uncertainty. In the current uncertainty, it is a time to focus on data. Even now, the US still has a large amount of manufacturing with complex supply chains. Productivity gains may be related to artificial intelligence work.