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Austan Goolsbee
6 stories related to this topic, newest first.
ibtimes.co.ukfinance20 days ago
Fed's Goolsbee Says Inflation Remains Main Concern Despite Some Improvement in Services Prices
Chicago Fed President Austan Goolsbee stated in a CNBC interview that the inflation side of the mandate is the clear priority. Core PCE inflation reached 3.4% in May, the highest since October 2023.
cnbc.comfinance71 days ago
Chicago Fed President Warns Against Lowering Interest Rates Due to Productivity Gains
Chicago Fed President Austan Goolsbee said policymakers should avoid reflexively cutting interest rates in response to faster productivity growth. He noted that such growth can sometimes lead to higher inflation rather than solely supporting lower rates. The comments come as offi…
cnbc.comfinance74 days agoUpdated
Chicago Fed's Goolsbee Speaks on Latest Inflation Data and Monetary Policy
Chicago Federal Reserve President Austan Goolsbee described last week's inflation figures as bad news, urging caution on rate cuts until inflation recedes toward 2%. The Federal Reserve's recent 8-4 vote to hold rates was its most divided since 1992. Goolsbee noted rising inflati…
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insidermonkey.comfinance100 days ago
Chicago Fed President Goolsbee Warns on Stagflation Risk from Rising Oil Prices
Chicago Federal Reserve Bank President Austan Goolsbee stated that a stagflationary recession triggered by rising oil prices would represent the worst economic outcome. He highlighted the potential for high inflation combined with stagnant growth. The comments address broader con…
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Substrate placeholder — needs reviewfinance100 days ago
Federal Reserve's Austan Goolsbee Warns of Supply Chain Impacts from $5 per Gallon Gasoline
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, stated that gasoline prices reaching $5 per gallon could disrupt supply chains. He highlighted potential effects on economic activity amid ongoing inflation concerns. The warning comes as energy prices remain a ke…
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Substrate placeholder — needs reviewfinance100 days ago
Federal Reserve's Goolsbee Defends Independence Amid Political Pressures
Chicago Federal Reserve Bank President Austan Goolsbee stated that the Federal Reserve Act does not mandate prioritizing stock market performance or presidential satisfaction. He warned that efforts to undermine Fed independence would be a bad idea, potentially causing inflation…
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