Central Banks
Fed Officials Tout Inflation Progress, Still See Long Way to Go
- ‘Progress continues,’ Chicago’s Goolsbee says at Detroit event
- Richmond’s Barkin not convinced inflation on path to 2% goal
Austan Goolsbee.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve officials welcomed the latest data showing receding US inflation, while adding that there’s still a way to go before it reaches the central bank’s 2% target.
“Progress continues, though we still have a way to go,” Chicago Fed President Austan Goolsbee said Tuesday at an event in Detroit, after a monthly report on consumer prices revealed a broad slowdown in inflation in October.