Fed’s Goolsbee says September FOMC is live, economy sending mixed signals

  • Goolsbee signaled that September’s Fed meeting remains open for action, noting conflicting economic data.
Goolsbee
  • Fed’s Goolsbee said the September FOMC meeting is a live meeting.

  • He added that the Fed has been getting mixed messages on the economy.

  • Fed’s Goolsbee said the most recent inflation data wasn’t great.

  • He added that the Fed still has time to take in more data.

  • Fed’s Goolsbee said reacting to a stagflation shock is very difficult.

  • He added that central bank independence is critically important.

  • Tariff increases don't seem close to done, risk of persistent inflation

We heard from Goolsbee a few days ago as well.

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