Federal Reserve Bank of Chicago President
“We still need to get the information, and have confidence, that the rise of the inflation rate — after four-and-a-half years of being above the target — that rising, we have to be convinced that that’s transitory,” Goolsbee said Thursday in a call with reporters.
His comments followed an appearance in Grand Rapids, Michigan. where he said interest rates could come down further if inflation shows progress in moving back to 2% and the labor ...