Fed’s Goolsbee Says Path to 2% ‘Unlikely to Be Painless’
Federal Reserve Bank of Chicago President Austan Goolsbee warns that the central bank cannot ignore repeated and persistent supply shocks and must respond in a way that may cause economic hardship. Goolsbee calls it “exactly the kind of painful trade-off between employment and inflation that stagflationary shocks always impose on the central bank.” He spoke Monday in London. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
