Fed's Goolsbee says Fed must confront its failure on inflation, calls CPI report 'borderline disturbing'

Chicago Fed President Austan Goolsbee says the Fed must confront its failure in the fight against inflation, calling the latest CPI report 'borderline disturbing' and saying the most troubling part is that services inflation is not coming down, while likening AI spending to a demand shock.

Detected & updated continuously · Source: Nebula