Fed's Goolsbee says September CPI data was discouraging
SPY•Chicago Fed President Austan Goolsbee called September CPI data “discouraging,” citing higher-than-expected price pressures and little improvement in services inflation. He said the central bank will get inflation back to its 2% target.
1. Goolsbee flags price pressures
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said September consumer price data left him worried. He called the data “discouraging,” saying services inflation showed little sign of improvement, and affirmed that the central bank will get inflation back to its 2% target.
