Add as a preferred source on GoogleChicago Fed's Goolsbee Says Inflation Remains the Fed's Weak Spot
He said employment and growth remain stable. The Fed held its target range at 3.75% to 4% in October.
Chicago Fed President Austan Goolsbee said Monday the Federal Reserve needs to confront inflation, which he characterized as a failure on the price side of the central bank’s mandate. He described employment and economic growth as stable.
Goolsbee made the remarks during a moderated discussion on Nov. 9.
The Fed held its interest-rate target range at 3.75% to 4% in October. U.S. consumer prices rose 3.7% in September from a year earlier, up from 3.4% in August. The Fed’s next meeting is scheduled for Dec. 8-9.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.