Goolsbee told CNBC that Asia faced an old-style stagflation shock. Oil prices stayed far above prewar levels despite recent declines. Energy inflation tied to the war in Iran has lasted longer than ...
Chicago Federal Reserve President Austan Goolsbee expressed hesitation about lowering interest rates further because the government shutdown has resulted in a blackout on key inflation data. Goolsbee ...
Chicago Fed President Austan Goolsbee said a mixed bag of inflation data coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. "We've got to get ...
Chicago Federal Reserve President Austan Goolsbee argues that the AI boom isn't simply adding to economic growth; it is actively cannibalizing resources from other traditional industries.
By Michael S. Derby Oct 14 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Wednesday the latest consumer-level inflation data left him worried about the state of price ...
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Fed's Goolsbee says the stock market isn't propping up consumer spending — it's strong on its own
Chicago Federal Reserve president Austan Goolsbee pointed to data showing the bottom 90% of the income distribution accounts for roughly 75% of all spending in the US economy.
For decades, the Federal Reserve's playbook for oil shocks has been to wait them out. Chicago Fed President Austan Goolsbee said Monday that approach has reached its limit. The case for waiting out ...
"We've had a couple of months of quite good economic reports" with inflation coming down. However, those are backward-looking, Chicago Fed President Austan Goolsbee said on Tuesday. With tariff ...
Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday morning that the central bank should prioritize getting inflation to its 2% target, as higher prices remain a concern for ...
Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.
Chicago Fed's Goolsbee: Waiting for more economic data before lowering rates would have been prudent
Article was revised at 9.50 AM ET to include additional comments by Austan Goolsbee on the recently announced $40B purchases in Treasury bills. Chicago Federal Reserve President Austan Goolsbee said ...
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather ...
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