Fed’s Goolsbee Says Inflation Is Top Goal, Won’t Prejudge Rates

Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers’ top priority is returning inflation to its target and that they don’t want to “pre-commit” decisions on interest rates.

“We’ve got to get inflation down — that’s the No. 1 thing,” Goolsbee said Tuesday in an interview with CNBC. “I’m absolutely hammering that’s what we should be watching,” adding that the economic and job growth can’t be the key focus now.