Goolsbee Warns Inflation Stays Above 2% Target, Going the Wrong Way
Updated
Updated · Bloomberg · Jun 23
Goolsbee Warns Inflation Stays Above 2% Target, Going the Wrong Way
3 articles · Updated · Bloomberg · Jun 23
Summary
Austan Goolsbee said inflation remains well above the Federal Reserve’s 2% target and is moving in the wrong direction, underscoring his concern about the price outlook.
Monday’s remarks on Marketplace also showed Goolsbee questioning whether all the forces pushing prices higher will prove temporary.
The comments keep inflation at the center of the Fed debate, signaling that policymakers still see persistent price pressure as a key risk.