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Fed’s Goolsbee says inflation may require faster rate hikes

The Federal Reserve may need to raise interest rates more aggressively if inflation proves to be primarily driven by demand rather than supply issues, Chicago Fed President Austan Goolsbee said on…

  • Fed President Goolsbee suggests faster rate hikes if inflation is demand-driven
  • Overheated demand, especially in services, may be primary inflation cause
  • Current unemployment rate nears full employment, tightening labor market

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