From TokenPost · · 50s
Chicago Fed President Goolsbee on Inflation
Chicago Fed President Austan Goolsbee says inflation remains the Fed's weak spot.
In brief
Chicago Fed President Austan Goolsbee says inflation remains the Fed's weak spot. Chicago Fed President Austan Goolsbee stated inflation is the Fed's weak spot, calling employment and economic growth stable. Originally reported by TokenPost.
Chicago Fed President Goolsbee
Chicago Fed President Austan Goolsbee said Monday the Federal Reserve needs to confront inflation, which he characterized as a failure on the price side of the central bank’s mandate.
Inflation and Economic Growth
He described employment and economic growth as stable. The Fed held its interest-rate target range at 3.75% to 4% in October.
Upcoming Fed Meeting
U.S. consumer prices rose 3.7% in September from a year earlier, up from 3.4% in August. The Fed’s next meeting is scheduled for Dec. 8-9.
What matters most
Chicago Fed President Austan Goolsbee stated inflation is the Fed's weak spot, calling employment and economic growth stable.
