Goolsbee noted that the impact of tariffs on consumer prices has proven more lasting than previously anticipated. He also emphasized that the Federal Reserve must keep a close watch on inflation within the service sector as it evaluates future policy moves.
Wednesday, October 21, 2026
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Fed Goolsbee Calls More Bad Inflation Months Unacceptable
US Markets6 days ago
Federal Reserve Governor Austan Goolsbee stated that the central bank's policy would need to address inflation if current price levels persist. He described further "bad months" of price growth as unacceptable for the Fed's mandates, signaling a possible shift in monetary strategy if data does not improve.
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