Chicago Federal Reserve President Austan Goolsbee emphasized the importance of stabilizing prices by monitoring the Personal Consumption Expenditures (PCE) index. Goolsbee acknowledged the challenges of managing inflation in an environment of 'cross currents' and highlighted the need to bring inflation back down to target levels. He also mentioned that housing plays a crucial role in controlling inflation, with a focus on Owner's Equivalent Rent (OER) in the Consumer Price Index (CPI). Goolsbee raised concerns about Middle East tensions as a potential wildcard for inflation.
⚠️ FED'S GOOLSBEE KEEPS POLICY FOCUS ON PCE AFTER HIGH CONSUMER PRICE READINGS Full Story → https://t.co/ZMReT9bOsZ Chicago Federal Reserve President Austan Goolsbee said on Friday continued high consumer price index readings were concerning, but he remains focused on how the… https://t.co/X3u16UCDYF
Fed's Goolsbee says Middle East tensions are a wild card for inflation...
Fed’s Goolsbee Says Housing Is Key to Getting Inflation Down Translation: OER cpi will tumble next month just in time for the Fed to cut as actual rents are surging again
FED'S GOOLSBEE: IF PCE IS REINFLATING, THE FED WILL STABILIZE PRICES.
FED'S GOOLSBEE: IF PCE IS "REINFLATING" THE FED "WILL STABILIZE PRICES"
Fed’s Goolsbee: Multiple Inflation Readings Higher Than We Want, Must Get Inflation Back Down To Target – Fox Biz - US Is In An Environment Of ‘Cross Currents’
CHICAGO FED'S GOOLSBEE: U.S. IS IN AN ENVIRONMENT OF "CROSS CURRENTS" - FOX BUSINESS GOOLSBEE: FED MUST GET INFLATION BACK DOWN TO TARGET FED'S GOOLSBEE: DON'T LIKE TO PUT CONSTRAINTS ON WHAT THE FED MIGHT DO AT A FUTURE MEETING