More from Fed’s Goolsbee:

• inflation is going the wrong way, not just in oil and tariff related things.
• Drift upward and services inflation is a worry.
• Today’s unexpected disappointment was seeing services inflation going up
• Labor market is stable but it is not good

Goolsbee is not a voting member in 2027. He tends to go with the flow although he has said in the past that the CPI inflation does not need to go to 2% for the Fed to cut rates. He is changing his tune a bit and becoming a bit more hawkish in his remarks as inflation remains stubbornly high.

This article was written by Greg Michalowski at investinglive.com.



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