Fed's Goolsbee: core inflation still too high, trending wrong way
Fed's Goolsbee: core inflation still too high, trending wrong way
ReutersThu, June 25, 2026 at 6:31 PM UTC
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FILE PHOTO: Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks during the Milken Institute Global Conference 2026 in Beverly Hills, California, U.S., May, 6, 2026. REUTERS/Mike Blake/File Photo
June 25 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said there was a "glimmer of hope" on services inflation in the latest U.S. inflation report, but underlying inflation pressures are still too high and are trending the wrong way.
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In an interview on CNBC, Goolsbee declined to be drawn out on his view of whether the Fed should raise rates or continue to hold them where they are, saying he agrees with Fed Chairman Kevin Warsh on trying not to feed speculation over the future rate path.
(Reporting by Ann Saphir; Editing by Chris Reese)
Source: “AOL Money”
