Policymakers Must Not Look Through Supply Shocks, Fed's Goolsbee Says

Policymakers can no longer afford to look through supply shocks that have become a regular feature of the economy, Chicago Fed President Austan Goolsbee said Monday. Lately, supply shocks such as wars and tariffs have occurred more frequently and lasted longer than they used to in the past,

The Fed shouldn't 'look through' some supply shocks, Chicago Fed's Goolsbee says

"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 said in a speech at the Official Monetary and Financial Institutions Forum Event in London,
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Fed’s Austan Goolsbee says he is ‘attuned’ to elevated service-sector inflation – flags frequent supply shocks lately

Goolsbee highlighted evidence that AI data center construction is “spilling out of its own lane” and raising aggregate output beyond what the economy can absorb.

Austan Goolsbee warns inflation fight will hurt jobs

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

Goolsbee: The Fed Can’t Keep Waiting Out Oil Shocks

For decades, the Federal Reserve's playbook for oil shocks has been to wait them out. Chicago Fed President Austan Goolsbee said Monday that approach has reached its limit. The case for waiting out supply shocks is that they fade on their own,
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Fed’s Austan Goolsbee sees economic weakness, but not recession

Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, sees some weakness in the U.S. economy now and he's personally uneasy about the possibility of inflation heating up as the Iran war continues. But he remains "hopeful, slash ...