Goolsbee Calls Recent Inflation Data Discouraging
Federal Reserve Bank of Chicago President Austan Goolsbee described recent inflation data as discouraging but expressed optimism that temporary supply disruptions and tariffs will fade. He noted that inflation driven by overheating demand from AI investments would require further policy action.
Federal Reserve Bank of Chicago President Austan Goolsbee called recent consumer and producer price inflation data discouraging on Thursday morning. The remarks follow higher-than-expected price readings across the United States.
