Fed's Goolsbee frets about continued strong inflation in interview
TLT•Federal Reserve Bank of Chicago President Austan Goolsbee said the latest inflation data was not moving in the right direction, adding that inflation was well above the Fed's target and not a one-off.
1. Inflation concerns
Goolsbee said the October Consumer Price Index data showed inflation was “way above the target” and “this wasn't a one-off month.” He said inflation was appearing in areas beyond those impacted by tariffs and warned the United States was inching into a historically difficult spot for central banks trying to bring inflation down.
