Fed’s Goolsbee says latest inflation data is better
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4 Articles
Fed’s Goolsbee says latest inflation data is better
By Ann Saphir Aug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a "little better," and he is hopeful that as the effects of tariffs and higher oil prices from the Iran w...
The president of the Chicago Fed, Austan Goolsbee, acknowledges that the last three months of lower inflation are encouraging, but insists that he needs to see at least three or four consecutive months of cooling before he trusts that the economy will return to the 2% target. With a stable labor market and consumers beginning to show signs of fatigue, the official remains cautious, while some Fed colleagues ask to raise rates immediately. *** Go…
Fed’s Goolsbee Sees “Golden Path” Back to 2% as Inflation Data Improve - ActionForex
Chicago Fed President Austan Goolsbee said recent US inflation data have been “a little better,” raising hope that price growth can resume its decline toward Fed’s 2% target as effects of tariffs and Iran-war oil shock fade. Speaking Thursday in an interview with Fox News, Goolsbee said, “If we can get some of this stuff […] The post Fed’s Goolsbee Sees “Golden Path” Back to 2% as Inflation Data Improve appeared first on ActionForex.
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