Fed’s Goolsbee Wants to See More Evidence of Cooling Inflation

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Federal Reserve Bank of Chicago President Austan Goolsbee said he’s encouraged by a recent cooling in inflation but wants to see more of the same in coming months to be sure it’s falling back to the central bank’s 2% target. Goolsbee, speaking Friday in an interview with Bloomberg News, said inflation readings this summer from the consumer price index provide optimism that some price shocks from the past year, like tariffs and higher oil costs, are working themselves through the economy.

Missing media or need the complete publisher report? Open Bloomberg.com ↗