Fed's Goolsbee: Inflation Well Above Target, Moving Wrong Direction
Chicago Fed President Austan Goolsbee defended his dissent, stating inflation remains well above the central bank's target and moving in the wrong direction. He also noted a stable labor market but expressed concern over services inflation, calling for more evidence that price pressures are temporary.
Chicago Fed President Austan Goolsbee defended his recent dissent, arguing that inflation remains well above the Federal Reserve's target and is moving in the wrong direction.
Goolsbee described the labor market as stable but highlighted services inflation as a particular concern. He emphasized that more evidence is needed to confirm that current price pressures are temporary, suggesting a cautious approach to monetary policy.
Source: First Squawk