Chicago Fed President Austan Goolsbee called the latest inflation data “borderline disturbing” and “distressing,” highlighting persistent price pressures.⁠ @CNBC In a PBS NewsHour interview (around November 11, 2026), Goolsbee reacted to the October CPI report, which showed a 0.4% monthly increase (seasonally adjusted) hotter than the ~0.3% economists expected and the third straight month of elevated readings. Core CPI was also firmer than forecast. Main concerns he raised Services inflation is not cooling (the most troubling part for him). Drivers such as tariffs have not faded as quickly as hoped. Evidence of both cost-side and demand-side pressures, with risks of broader overheating across many prices. Worry that inflation could become embedded in expectations. The labor market remains “steady and stable,” removing one typical argument against tighter policy. He stated the U.S. has “a real inflation issue on our hands” that the Fed will have to address, and that “everything is always on the table” to get inflation back to the 2% target.⁠

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🇺🇸 FED'S GOOLSBEE: "WE HAVE A REAL INFLATION ISSUE ON OUR HANDS" He called the CPI report "borderline troubling" and said his biggest worry is that services inflation isn't coming down Fed's Paulson also says further "gradual" rate increases are appropriate