Manufacturing has recently showed signs of stabilizing, but producers face headwinds including a stronger dollar that dampens foreign demand for U.S. exports.

Federal Reserve Bank of Chicago President Austan Goolsbee warns that lessons from the pandemic suggest tariffs might become inflationary by creating supply-side disruptions.

Here's some context on his most notable comments about his economic policies.

Thanks to an aircraft machinists strike, the Gulf Coast hurricanes, and the Fed's restrictive monetary policy, output fell by 0.3%, after rising 0.3% in August.

Even with the pickup, the three-month average eased to 119,000, one of the lowest levels since 2020.

Bookings for all durable goods—items meant to last at least three years—stalled on fewer orders for commercial aircraft.

The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, decreased 0.1% last month.

New home construction and manufacturing came in softer than expected, while retail sales fell and underlying inflation took its first step down in six months.