Fed's Goolsbee: There is still a lot of impact from prior hikes that's still to come

  • Comments from the Chicago Fed President
Austan Goolsbee
  • The effect of banking stress isn't small; we need to take it into account and 'sit and watch it'
  • Inflation is improving but it's not improving that rapidly
  • We need to monitor data
  • Says his vote to hike at the last meeting was a 'close call'

Goolsbee is underscoring his credentials as a dove.

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