Fed's Goolsbee Says District Contacts Are Relaying Concerns That Sound Like Traditional Demand Overheating; Not Thinking About Any Coming Hikes As Reversing Last Year’s Cuts; The Only Choice The Fed Has If Supply Shock Inflation Proves Persistent Is To Reduce Aggregate Demand; Month-To-Month Job Growth Is Not A Good Measure Of Health Of Labor Market When There Is Doubt About Population Growth Due To Immigration Policies
https://www.chicagofed.org/publications/speeches/2026/sept-21-omfif
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Why It Matters
A Fed official said some businesses worry demand is too strong right now. He also noted that if prices stay high, the Fed may need to slow spending.
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