Chicago Fed President Goolsbee Stands Firm on Inflation Amidst Path to 2% Target

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.