Fed’s Goolsbee Sounds Warning on Inflation, Consumer Behavior

Federal Reserve Bank of Chicago President Austan Goolsbee struck a note of caution about inflation that has not only failed to continue cooling to the US central bank’s 2% target, but has moved up since the start of the US war in Iran.

Goolsbee, speaking to reporters Wednesday, called the labor market stable and signaled that the Fed’s more dominant problem right now is likely inflation that’s too high.