Fed’s Goolsbee Says More Data Needed to Determine Next Interest Rate Move
- Goods-inflation pickup in May ‘key’ for policymakers
- Goolsbee had emerged as one of Fed’s most dovish members
Austan Goolsbee
Photographer: Andrew Harrer/Bloomberg
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Federal Reserve Bank of Chicago President Austan Goolsbee said it’s too soon to say whether policymakers should raise rates or hold them steady in July, but said inflation remains well above target and has proved more persistent than expected.
While some measures of inflation have improved, other categories aren’t coming down as quickly as anticipated, he said.