Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing (opens original article in a new tab)

Chicago Fed President Goolsbee said inflation remains a concern, noting some improvements in services inflation but emphasizing the need to focus on controlling prices. He praised Warsh's approach to avoiding forward guidance on interest rates, as core inflation hit a 14-month high in May.

• Chicago Fed President Goolsbee stated inflation is still too high despite some improvements in services inflation.
• Goolsbee praised Fed Chairman Warsh's approach to avoiding forward guidance on interest rates.
• Core inflation rose to 3.4% in May, the highest since October 2023, with goods and services both increasing.