Live On Yahoo Finance, Fed's Goolsbee Says Is Not A Fan Of Telegraphing Fed Moves Ahead Of Meetings; There Is No Ambiguity For Fed If Economy Is Solid And Inflation Is High; Fed Must Prevent The Build Up Of Overheating; Is More Optimistic About Outlook Relative To Other Fed Officials; Evidence Building Inflation Hasn't Been Transitory Amid Continued Shocks; Need To Keep A Close Eye On Service Sector Inflation; More Bad Months Of Inflation Would Unacceptable; Fed Will Get Inflation Back To 2%
https://www.youtube.com/watch?v=U8J_ax_8zG8
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Why It Matters
A top Federal Reserve official said the Fed will work hard to bring inflation down to 2%. He thinks the economy is pretty strong right now, so the Fed must be careful about overheating.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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