Fed's Goolsbee warns restoring price stability "won't be painless" as supply shocks prove persistent

Chicago Fed President Austan Goolsbee warned that restoring price stability "won't be painless," saying strong demand may be adding to inflation alongside energy, tariff and other supply shocks that are proving persistent and must be accounted for in setting monetary policy. He said there is "no ambiguity" about what the Fed would do if demand is overheating.

Detected & updated continuously · Source: Nebula