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Fed's Goolsbee (2027 Voter) says that a mix of supply and demand pressures on inflation has more impact on pce than destination

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Fed's Goolsbee (2027 Voter) says that a mix of supply and demand pressures on inflation has more impact on pce than destination

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  • Historically US long rates are not particularly high and does not think they reflect a loss of confidence in the US.
  • Without the Fed’s Summary of Economic Projections, the world will still be looking to understand officials’ reaction functions.
  • The job of a central banker is not to respond to markets or the President, but to economic conditions.
  • Fed should be open to making the SEP more informative.

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