Chicago Fed President Goolsbee Stands Firm on Inflation Amidst Path to 2% Target
Thursday, 4 April 2024, 17:10
Chicago Fed President Goolsbee Optimistic on Inflation
Chicago Federal Reserve President Goolsbee remains unswayed by recent hot inflation readings that could jeopardize the return to the 2% target. He highlights the importance of increasing labor force participation and immigration to address core services inflation.
Key Points:
- Resilience: Goolsbee stresses the necessity of staying on course despite inflation concerns.
- Factors at Play: Labor force participation and immigration are seen as potential drivers in lowering core services inflation.
- Market Impact: Goolsbee's stance provides reassurance amidst market volatility.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.