Fed’s Goolsbee says inflation is the main issue right now
Chicago Federal Reserve (Fed) President Austan Goolsbee commented in a CNBC interview at the Jackson Hole Symposium on Friday that he agreed with Fed Chair Kevin Warsh about the details of the economy, adding that “inflation is the Fed’s main issue right now.”
Chicago Fed President Austan Goolsbee, speaking at the Jackson Hole Symposium, concurred with Fed Chair Kevin Warsh on the specifics of the economy, stating that "inflation is the Fed’s main issue right now." Goolsbee further noted that "inflation persists longer than expected." When asked about the number of Federal Open Market Committee (FOMC) meetings, Goolsbee expressed no strong opinion on the matter.
He mentioned that he was okay with maintaining interest rates steady at the July FOMC meeting. Goolsbee also indicated that he doesn't believe the Fed and Treasury are at odds with each other.
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