Fed’s Goolsbee: Hopes Concerning Inflation Data Is Only Temporary
According to a report by Jinse Finance, Federal Reserve official Austan Goolsbee stated that although some recent inflation data has exceeded expectations, there is also a "concerning" data point, and he hopes this is only a temporary phenomenon. He said, "The last inflation report showed that service sector inflation has indeed started to surge, and this may not be driven by tariffs." "This is a dangerous data point, and I hope it is just a brief episode." Goolsbee noted that, in his view, the Federal Reserve's policy meeting in September "feels like a live meeting." Goolsbee made these remarks as the Fed faces increased scrutiny and demands for rate cuts from the Trump administration.
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