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Goolsbee, Federal Reserve

Fed’s Goolsbee Says Road to 2% Inflation May Not Be Painless

Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.

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Fed’s Goolsbee says inflation components matter just as much as the overall pace

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Federal Reserve’s Goolsbee warns supply shocks can cause lasting inflation that must not be ignored

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Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes

U.S. Treasury yields shot higher Wednesday on renewed anxiety about inflation and the potential for more aggressive Federal Reserve rate hikes.

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Corporate finance chiefs lift inflation outlook, cite rates as concern - Fed survey

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A Hawkish Fed Pushes the Dollar Higher

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 and tariffs have occurred more frequently and lasted longer than they used to in the past,

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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 bank still has to restore price stability under its legal mandate,

The Fed shouldn't 'look through' some supply shocks, Chicago Fed's Goolsbee says

"We seem to have entered a period where large supply shocks — from wars, tariffs, weather, supply chain disruptions, oil shocks, and so on — have become a regular feature of the economy," Goolsbee said in a speech at the Official Monetary and Financial Institutions Forum Event in London,

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 said Monday that approach has reached its limit. The case for waiting out supply shocks is that they fade on their own,

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Fed's Barr Calls For More Rate Hikes to Cool Inflation

Federal Reserve Governor Michael Barr on Wednesday called for additional interest rate increases, the latest central bank official sounding the alarm on inflation being stuck above the 2% goal. In remarks for an event hosted by the Chicago Fed,

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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 the Iran war continues. But he remains "hopeful, slash ...