More Goolsbee: We have done great on the employment mandate but not on inflation ...Middle East

Chicago Fed Pres. Goolsbee answers questions:We have done great unemployment mandate, but we have not succeeded on the inflation mandate.If you hold at this level of restrictiveness for too long, you will have to start thinking about the impact on jobs.The policy trade-offs are harder this year.The real Federal Funds rate is historically quite highWe will get inflation to 2% over a reasonable period of time.if you start to see rising inflation globally, that suggests it's driven by supply shocks or other things.The puzzle on housing inflation is why official data is so different from market rents data.Asked about a possible rate hike if needed, Goolsbee says "don't think anything is not on t

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