More from Fed's Goolsbee:
- inflation is going the wrong way, not just in oil and tariff related things.
- Drift upward and services inflation is a worry.
- Today's unexpected disappointment was seeing services inflation going up
- Labor market is stable but it is not good
- The job market is basically stable but inflation is going up.
- Remains optimistic that rates can come down a fair amount, but need progress on inflation
- Not at this moment in a difficult balancing act at the Fed
Goolsbee is not a voting member in 2027. He tends to go with the flow although he has said in the past that the CPI inflation does not need to go to 2% for the Fed to cut rates. He is changing his tune a bit and becoming a bit more hawkish in his remarks as inflation remains stubbornly high.
