Policymakers Must Not Look Through Supply Shocks, Fed's Goolsbee Says

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 ...
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Fed’s Austan Goolsbee says he is ‘attuned’ to elevated service-sector inflation – flags frequent supply shocks lately

Goolsbee said the Fed may not respond as aggressively to a supply-driven imbalance as it would to demand overheating. ・He said that if persistent shocks repeatedly push inflation higher, the central ...

Fed Officials Don’t Sound Done Hiking Interest Rates

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

Federal Reserve Watch for Sept. 21: Goolsbee Hints at More Rate Hikes if Inflation is Demand-Driven

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 ...

Goolsbee: The Fed Can’t Keep Waiting Out Oil Shocks

For decades, the Federal Reserve's playbook for oil shocks has been to wait them out. Chicago Fed President Austan Goolsbee ...
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Fed’s Austan Goolsbee sees economic weakness, but not recession

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 ...