Chicago Fed President's Views on Inflation and Housing Costs

Thursday, 4 April 2024, 23:41

Chicago Fed President Austan Goolsbee remains optimistic about inflation reaching the 2% target, but highlights the need for housing costs to decrease before considering rate cuts. Housing inflation is posing a challenge and could influence future monetary policy decisions. Goolsbee's emphasis on the importance of addressing housing costs reflects the intricate balance in maintaining price stability and economic growth.

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Chicago Fed President Optimistic on Inflation Path to 2%

Housing inflation has proved more stubborn than other components of the Consumer Price Index, and may determine when the Fed cuts interest rates, Chicago Fed President Austan Goolsbee said Thursday.

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.

Chicago Fed President Optimistic on Inflation Path to 2%

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