Chicago Fed Pres. Goolsbee: Progress on US inflation has installed ...Middle East

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Chicago Fed Pres. Goolsbee: Progress on US inflation has installed
Chicago Fed Pres. Goolsbee is speaking and says:Progress on US inflation has stalled.Makes sense to wait to get more clarity before moving on ratesFeds current restrictive monetary policy is appropriateProper Fed policy going forward, will depend on the data.Still helpful for return to improvement on inflation in months aheadPersistently high housing inflation is made short one problem.These more space for progress on services inflation from labor supply increases.Need to determine if a strong GDP, jobs numbers are a sign of overheating that is driving up inflation.Not all data suggests labor market overheating.Goolsbee is considered more of a dove, but has shifted from that view more recent

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