Chicago Fed’s Goolsbee: Restoring Price Stability Won’t Be Painless
- Strong Demand May Be Adding To Inflation Along With Energy, Tariff, Other Supply Shocks
- 'No Ambiguity' What The Fed Would Do If Demand Is Overheating
- Supply Shocks Are Proving To Have Persistent Impact On Inflation, Must Be Accounted For In Setting Monetary Policy
- Need Evidence That Inflation From Supply Is Fading Or Hard To See A 'Credible Path' Back To 2% Inflation
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