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 ...

Policymakers have become increasingly worried about inflation that hasn't touched their 2% target in five and a half years.

Goolsbee said the Fed may not respond as aggressively to a supply-driven imbalance as it would to demand overheating. ・He said that if persistent shocks repeatedly push inflation higher, the central ...

"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 ...

Inflation pressures have been so persistent this year in part because businesses have been able to pass along higher prices ...

Chicago Fed President Austan Goolsbee (nonvoter) said that strong demand could also be driving inflation and that the Fed's job of lower the pace of price growth back down to the 2% goal may ...

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

For decades, the Federal Reserve's playbook for oil shocks has been to wait them out. Chicago Fed President Austan Goolsbee ...

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 inflation.

Fed officials indicate more interest rate hikes are likely as inflation risks persist, especially due to fuel price shocks ...

US inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and is now being driven by ...

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 ...