Chicago Federal Reserve President Austan Goolsbee stated on Thursday that inflation is still trending in the wrong direction, despite acknowledging a few positive developments in the data.
In a live interview from his home district, the policymaker declined to speculate on where he thinks interest rates are headed, instead focusing on the persistent nature of price pressures.
Goolsbee’s comments add weight to the hawkish wing of the Federal Reserve, particularly as markets digest the implications of Chair Kevin Warsh’s leadership style.
Goolsbee described Warsh as "a serious guy," a characterization that suggests the central bank will remain disciplined in its fight against inflation rather than rushing to ease policy.
This endorsement comes at a time when investors are closely watching for signals on the Fed’s next move.
The Chicago Fed president’s remarks echo broader concerns within the central bank about the durability of disinflation.