Fed's Goolsbee (2027 voter) says inflation is well above target and going the wrong way, adds need evidence this inflation is temporary and services inflation is a little disturbing

Says:

  • We haven't had stagflation shock, and the job market has been stable.
  • Fed Chair Warsh's approach is let's have less speculation about rates, less forward guidance, while Goolsbee says he is pretty sympathetic to that approach.
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