Fed’s Goolsbee ‘Uneasy’ About Further Rate Cuts Without Data

Federal Reserve Bank of Chicago President Austan Goolsbee said a lack of inflation data during the government shutdown makes him more uneasy about continuing interest-rate cuts.

“If there are problems developing on the inflation side, it’s going to be a fair amount of time before we see that,” Goolsbee said Thursday on CNBC. “That makes me even more uneasy.”

The Chicago Fed chief noted there aren’t as many private-sector data sources for inflation as there are for the labor market, so policymakers don’t have as clear a view into what’s going on with prices during the ongoing shutdown as they ...