Central Banks
Fed’s Goolsbee Says Not Much Evidence of Inflation Stalling Out
- Chicago Fed chief says policy is ‘relatively restrictive’
- Fed’s Kashkari says can hold rates steady as long as needed
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Federal Reserve Bank of Chicago President Austan Goolsbee said he doesn’t think inflation is stuck above the central bank’s target despite recent data showing price pressures picked up at the start of the year.
“There isn’t at this time much evidence, in my view, that inflation is stalling out at 3%,” Goolsbee said at an event Friday at the Economic Club of Minnesota.