Fed's Goolsbee (2027 Voter) and Hammack (2026 Voter) both see inflation as a bigger problem than employment, via Reuters citing joint interview with Planet Money podcast (taped last Wednesday, pre-NFP)

Asked to describe economy using colour scheme from red to green.

Goolsbee

• On inflation, at least orange; it has not been great.
• Was optimistic inflation would get back on path to target but it is going from orange to red amid tariffs and energy price shocks.
• On labour market, says it is "yellow" because of its low-hiring, low-firing state amid ongoing uncertainty.
• On financial system, suggested it is yellow; he is happy with the payment systems but "a little more anxious" about asset prices.
• "It does look like there is a lot of frothiness," unclear whether that is productivity-driven or a bubble waiting to pop.

Hammack

• Inflation is bright orange.
• Inflation been running above target for five years and has been "basically moving sideways" for the past two.
• On the jobs market, she said unemployment rate is the best indicator.
• Currently sat around where she estimates full employment should be but it is a fragile type of balance.
• Outlook is yellow to green.
• On financial system, says it is green, economy is in a good place from a financial stability view.