Goolsbee, Federal Reserve Member: Inflation Figures Were Disappointing; Monetary Policy Should Respond

Goolsbee, Federal Reserve Member: Inflation Figures Were Disappointing; Monetary Policy Should Respond. Goolsbee, a Federal Reserve member, called the consumer price index data "disappointing" and said that if current inflation levels persist, monetary policy should respond. Stressing that the focus should be on the sustained trend of inflation rather than a single report, he said the Federal Reserve will bring inflation back to 2 percent. This monetary official, while expressing

Goolsby, a member of the Federal Reserve, called the consumer price index data "disappointing" and announced that if the current levels of inflation continue, Elon Musk: Starshield is under the control of the US government and Starlink is not used offensively. Elon Musk announced that the Starshield systems are owned and controlled by the US government. Deciding on any speed limit or Barkin reports no massive job losses from AI and higher-than-expected inflation Federal Reserve member Thomas Barkin says he sees no sign of massive job losses due to AI Fed halts new bond purchases for third month in a row New York Fed stops injecting more money into financial system through new bond purchases According to the New York Times, citing American military officials, the Pentagon, in line with the expansion of Washington's military campaign against the cartels, reported the Beige Book of the Federal Reserve of average economic growth in two regions and halted employment changes.

Goolsby, a member of the Federal Reserve, called the consumer price index data "disappointing" and said that if current levels of inflation persist, monetary policy will need to react. Emphasizing that the main focus should be on the stable trend of inflation and not a single report, he clarified that the Federal Reserve will return inflation to 2%.

Expressing concern about the inflation of the service sector, this monetary official noted that the evidence shows that the accumulated inflation has not been transitory as the shocks continue. He considered the effect of tariffs on prices to be more permanent than expected and emphasized that costs are clearly the worst part of the economy. Calling the continuation of bad inflation months unacceptable, he expressed hope that the effect of energy will disappear soon, but the economy still has a lot of work to do in the inflation sector.

Goolsby also called consumption, gross domestic product and investment strong and said he was not hearing any signs of concern about a slowdown among economic operators. He added that the simultaneity of a strong economy with high inflation leaves no room for ambiguity, and the central bank must prevent the economy from overheating; Besides, he is against early announcement of decisions so as not to close the hand of monetary policy.

This member of the Federal Reserve pointed out that the excitement of artificial intelligence can increase the risk of overheating the economy by increasing investment, and said that the drop in these investments is not necessarily a sign of economic recession. Finally, he emphasized that he plans to carefully monitor the consequences of investing in artificial intelligence on financial stability.