Goolsbee reportedly says progress needed to get back to rate-cutting path
TLT•Austan Goolsbee said progress is needed to return to the Federal Reserve’s rate-cutting path. He said inflation tied to the AI boom is pushing up prices in unrelated parts of the economy.
1. Rate-cutting path
Federal Reserve Bank of Chicago President Austan Goolsbee said progress is needed to get back on the rate-cutting path the Federal Reserve had been on. He also said inflation tied to the AI boom is “jumping out of its lane” and pushing up prices in unrelated corners of the economy.
