Goolsbee: Clear 'what has to happen' if inflation does not decline

TLT•2026-09-21

Goolsbee says rates may need to rise if inflation stays high

WASHINGTON, Sept. 21 (Reuters) - Chicago Fed President Austan Goolsbee said he is open to the possibility that inflation will begin declining to the 2% target, but if that does not happen interest rates will need to rise.

"Right now, we do not have an employment problem, and we do have an inflation problem," Goolsbee said. "I'm open to being shown that the inflation problem we have is not a persistent problem, but is coming from a supply shock that is going to go away. But I want to see the evidence that it's going away. Otherwise, we know what has to happen."

Goolsbee: Clear 'what has to happen' if inflation does not decline

Goolsbee says rates may need to rise if inflation stays high

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