Inflation & Prices
Fed’s Goolsbee Lauds Inflation Progress But Supports Slower Pace
- He expresses confidence that inflation is headed to 2% target
- Notes uncertainty about how fiscal policy will impact prices
Austan Goolsbee
Photographer: Natalie Behring/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Austan Goolsbee praised the latest inflation data, adding it’s appropriate to lower interest rates as price growth slows.
Goolsbee said he has “comfort” that the US economy is on a path to 2% inflation. He specifically pointed to sustained progress on lowering price growth in housing.