Persistent supply shocks and the Fed’s path to 2% inflation
Bloomberg reports that Chicago Fed President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks.
TLDR
Bloomberg reports that Chicago Fed President Austan Goolsbee warned the road to 2% inflation may not be painless. He said the central bank cannot ignore repeated and persistent supply shocks and must respond in a way that may cause economic hardship.
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