Fed’s Goolsbee: I still see continued progress on inflation

January 15, 2025 at 05:16PM
Chicago Fed Pres. Goolsby is speaking and says:

I still see continued progress on inflation

For the last six months PCE inflation has run close to 2% target.

Optimistic four 2025 on a soft landing.

A lot of uncertainties remain.

Uptick in business confidence, uncertainty, since the election.

CPI report is somewhat encouraging, somewhat discouraging, in equal measure.

If Congress and president be drafting policies that will raise prices, Fed has to think about that.

What matters is impact of policies as a whole

Cannot look at the impact of tax Without also looking at government spending side.

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