Fed’s Goolsbee Praises ‘Good’ Inflation Report, Wants More Data

Federal Reserve Bank of Chicago President Austan Goolsbee lauded the November inflation report, which showed a cooling in price pressures, saying it contained a “lot to like.”

“I realize it’s just one month, and you never want to hinge too much on a single month, but that was a good month,” Goolsbee said Thursday on Fox Business.

Federal Reserve Bank of Chicago President and CEO Austan Goolsbee

Photographer: Natalie Behring/Bloomberg

The Chicago Fed chief dissented against the majority decision to cut interest rates at the Fed’s November meeting, preferring to hold rates steady because he was concerned about inflation that was still above the central bank’s 2% target. Goolsbee later said he ...