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 ...

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 ...

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance its current debt and deficits are the very reason ...

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.

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.

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - U.S. inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and now being driven by strong demand as well, ...

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

Chicago Fed President Goolsbee warns the Fed may need aggressive rate hikes as US inflation remains at 3.7%, with the 2% target pushed to 2027.

Chicago Fed President Goolsbee calls for better economic projections and defends central bank independence as inflation remains at 3.7%, well ...

"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 ...

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. Austan Goolsbee, ...