Fed's Goolsbee says inflation could still fall without rising unemployment
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/9/2026
- S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
- Oil rises 4% on revived Middle East worries, Hurricane Isaias supply disruption
- Chipotle, Starbucks shares volatile after report of potential takeover
- Why Citi says the Fed could be setting up for a dovish surprise
- Alphabet shares rise as Google pushes Gemini deeper into enterprise AI
Tweet
Share
E-mail
FILE PHOTO: Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir/File Photo
WASHINGTON (Reuters) - U.S. Federal Reserve officials are "trying to wrap their head around" whether further improvement in inflation will require higher unemployment, with less help coming from improved supply chains and other forces that can lower price pressures on their own, Chicago Fed President Austan Goolsbee said on Thursday.
"What everybody is trying to wrap their head around now ... is are we back to the traditional tradeoff between employment and inflation?," Goolsbee said on CNN International.
"I still think there is some benefit that is coming down the pike ... but that is the central question as we think about the macroeconomy."
(Reporting by Howard Schneider; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Explainer-What is the International Criminal Court?
- Bipartisan majority of Americans blame Trump policies for rising costs, Reuters/Ipsos poll finds
- France's SiPearl, Quobly to explore linking processors with quantum computers
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
