Feds Goolsbee: PCE is not likely to be as sobering as the CPI numbers

February 20, 2025 at 03:30PM
Chicago Fed Pres Goolsbee is speaking and says:

PCE is not likely to be as sobering as the CPI numbers.

We have moved to a period that looks like stable for employment to me

Credit conditions have been fairly tight.

He is nervous about potential for supply shocks.

In 2018 tariffs didn’t have a material impact on national inflation.

So the more tears look like a Covid size shark the more nervous you should be

This article was written by Greg Michalowski at www.forexlive.com.

Feds Goolsbee: PCE is not likely to be as sobering as the CPI numbers