Fed’s Goolsbee says inflation now outweighs labor concerns
Chicago Fed President Austan Goolsbee, in an interview with Fox Business, said that the labour market is steady and that “the inflation side of the Fed’s job is more important.”
Chicago Fed President Austan Goolsbee stated in a Fox Business interview that the labor market's steadiness makes the inflation aspect of the Federal Reserve's duty more critical. He indicated he is open to evidence showing prices have reached the Fed's 2% goal and would not dismiss any decisions at the next rate meeting. Goolsbee emphasized there is ample flexibility regarding rate hikes or pauses. He stated he won't react strongly to a single month of data or rule out any decisions at the following rate meeting.
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