Chicago Fed President Goolsbee warns tariffs, oil prices, and COVID aftershocks are causing persistent inflation, signaling more rate hikes may ...

Chicago Fed President Austan Goolsbee said persistent supply shocks leave the central bank little choice but to raise rates and reduce employment ...

Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent ...

Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation and raise borrowing costs. He said ...

A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high.

A top U.S. Federal Reserve official said that the central bank may have to cause economic pain in the form of higher unemployment to combat inflation.

As the Federal Reserve’s interest rate decisions for the remainder of 2026 are closely watched, Chicago Fed President Austan ...

Chicago Fed President Austan Goolsbee said he is monitoring not just at how fast inflation is cooling down, but also how specific components are behaving.

Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance its current debt and deficits are the very reason ...

The Federal Reserve has spent much of the past 18 months treating tariffs and energy costs as shocks that would eventually fade. Chicago Federal Reserve President Austan Goolsbee is now questioning ...

"We seem to have entered a period where large supply shocks — from wars, tariffs, weather, supply chain disruptions, oil shocks, and so on — have become a regular feature of the economy," Goolsbee ...