Chicago Fed President Sees Promising Progress on Inflation. Here’s What He’s Concerned About.
Chicago Federal Reserve President Austan Goolsbee, however, pointed out several uncertainties and risks loom on the horizon.
Chicago Fed's Goolsbee continues to see inflation progressing toward goal
"I still see continued progress" in inflation, Chicago Fed President Austan Goolsbee said on Wednesday at a Wisconsin Bankers Association event. "The trend continues to be improvement in inflation." Today's CPI number is "somewhat encouraging and partly discouraging,
Chicago Fed chief says inflation improving, hopeful of soft landing
Austan Goolsbee said that rates are still above the so-called neutral rate of interest — where policy neither weighs on nor stimulates the economy.
Cooling inflation revives hopes for Fed rate cuts
Benign inflation data has revived the case for additional Federal Reserve interest-rate cuts. On Wednesday, the 10-year Treasury yield fell 14 basis points to 4.65%, its biggest daily decline since August. The drop in yields occurred as traders resumed betting on another Fed rate cut by July.
Fed Trio Express Confidence Inflation Will Continue to Slow
A clutch of Federal Reserve officials on Wednesday welcomed fresh data showing a crucial gauge of consumer prices in December rose less than expected, giving them confidence inflation would continue to ebb.
Goolsbee 'Pretty Confident' Fed Will Get Inflation to 2%
Federal Reserve Bank of Chicago President Austan Goolsbee says he's optimistic about taming inflation during remarks at a Wisconsin Bankers Association virtual event.
Fed’s Goolsbee Says Inflation Improving, Hopeful of Soft Landing
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
Fed Officials Say They're Confident Inflation Will Fall To 2% ... Eventually
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
Fed's Goolsbee: CPI is encouraging and discouraging in equal measure
The CPI report is somewhat encouraging, and somewhat discouraging, in equal measure. I am wary of the seasonal pattern of ...
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US Federal Reserve trio express confidence inflation will continue to slow
A CLUTCH of US Federal Reserve officials on Wednesday (Jan 15) welcomed fresh data showing a crucial gauge of consumer prices ...
Bonds Have Banner Day as Inflation Report Revives Fed-Cut Bets
US government bonds had their best day in months after benign inflation data revived the case for additional Federal Reserve ...
Morning Bid: Inflation offers crumbs of comfort, big banks report
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Futures flat on caution ahead of bank earnings, key inflation data
Futures tracking Wall Street's main indexes were muted on Wednesday as investors awaited a slew of big bank earnings and a ...
Fed’s Goolsbee Says Jobs Data Shows Labor Market Stabilizing
Federal Reserve Bank of Chicago President Austan Goolsbee said the latest jobs report suggests the labor market is ...