Inflation & Prices
Fed’s Goolsbee Says Latest Inflation Data Promising, But Still High
- CPI figures show price pressures easing at ‘pretty rapid clip’
- Chicago chief reiterates he sees path to avoid recession
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Federal Reserve Bank of Chicago President Austan Goolsbee said recent consumer-price data showing inflation easing was “promising,” though inflation is still higher than policymakers’ 2% goal.
“It’s at least promising that this week we got inflation numbers that show inflation is coming down at a pretty rapid clip,” Goolsbee said Friday in an interview with Fox News. “It’s still higher than where we want it but it’s making progress.”