Goolsbee Urges Fed Chair Guidance on Rising Services Inflation Before Friday Handover
Updated
Updated · ZAWYA · May 19
Goolsbee Urges Fed Chair Guidance on Rising Services Inflation Before Friday Handover
6 articles · Updated · ZAWYA · May 19
Austan Goolsbee said too-high inflation is now the Fed’s top concern and called for guidance from incoming Chair Kevin Warsh, who is set to take over on Friday.
Services inflation is “high and rising,” Goolsbee said, even as the labor market remains stable, shifting attention away from employment and toward how policymakers should respond.
He said that pressure is probably not coming from oil or tariffs, suggesting the Fed faces a more persistent inflation problem in core services as leadership changes.
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