Fed's Goolsbee: If services inflation continues to rise, I would be nervous

  • More from the Chicago Fed President
Goolsbee
  • Do not want to frontload rate cuts on the expectation that current inflation will be transitory
  • Business leaders in the Midwest are expressing concerns about returning to a high-inflation environment
  • Lack of BLS data because of the shut down will have an impact on the Fed

There's nothing too exciting here.

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