Policymakers can no longer afford to look through supply shocks that have become a regular feature of the economy, Chicago Fed President Austan Goolsbee said Monday. Lately, supply shocks such as wars ...

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - U.S. inflation may have moved beyond the tariff and energy prices shocks ...

Since the 1970s, the Federal Reserve has held the stance of “looking through” supply shocks and only responding if the resulting inflation bleeds into other industries or if inflation expectations ...

Chicago Fed President Austan Goolsbee (nonvoter) said that strong demand could also be driving inflation and that the Fed's job of lower the pace of price growth back down to the 2% goal may ...

Fed officials indicate more interest rate hikes are likely as inflation risks persist, especially due to fuel price shocks ...

For decades, the Federal Reserve's playbook for oil shocks has been to wait them out. Chicago Fed President Austan Goolsbee ...

Chicago Fed President Goolsbee warns the Fed may need aggressive rate hikes as US inflation remains at 3.7%, with the 2% target pushed to 2027.

Chicago Fed President Austan Goolsbee warns supply shocks are forcing painful trade-offs, with US inflation at 3.7% and the 2 ...

A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.

Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, sees some weakness in the U.S. economy now and he's personally uneasy about the possibility of inflation heating up as the ...

US inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and is now being driven by ...