He's "a data dog" ...Time to Sniff!
Transcript > Follow along using the transcript.
Federal Reserve Bank of Chicago President Austan Goolsbee acknowledged on Friday a notable "inflation bump" this year.
However, he also indicated that the Federal Reserve is in a 'wait and see' mode regarding monetary policy.
"If the uptick in inflation signals overheating, we will do whatever necessary to pull inflation back to our 2% target," Goolsbee asserted, emphasizing that while short-run inflation expectations have risen, there is little evidence to suggest that inflation will stall at 3%.
Despite recent hikes, Goolsbee noted that market belief remains anchored around the Federal Reserve's 2% target, reflecting confidence in the Fed's commitment to stabilize prices.
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