Fed’s Goolsbee Sees Glimmers of Hope In Latest Inflation Report (opens original article in a new tab)

Federal Reserve Bank of Chicago President Austan Goolsbee saw some positive signs in the latest inflation report but emphasized that price pressures remain too high, with core inflation still significantly above the 2% target and trending upward.

• Federal Reserve Bank of Chicago President Austan Goolsbee noted hopeful signs in the latest inflation report
• Goolsbee warned that overall price pressures remain too high despite the report
• Core inflation remains well above the Fed's 2% target and is trending in the wrong direction
• Nine of the Fed's 19 policymakers expect at least one rate increase this year