Fed’s Goolsbee Says Must See Inflation Cool Before Cutting Rates

Federal Reserve Bank of Chicago President Austan Goolsbee says higher energy prices are boosting inflation at a time when the US central bank wants to see price pressures ease before cutting interest rates again.

• “If there were damage to the energy infrastructure, if there were changes to the supply chain and what could come out of the Persian Gulf, those would be things that would affect the overall price of energy, or price of oil, even if the conflict came to an end,” Goolsbee says Tuesday on PBS News Hour
• “We’ve got to see progress in inflation,” Goolsbee says about ...