Fed’s Goolsbee More Worried by Inflation Than Job Market

Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more data before making a decision about how to vote at the central bank’s December meeting, but warned he’s more concerned about inflation than the labor market right now.

“I’m not decided going into the December meeting,” Goolsbee said Monday on Yahoo Finance. “I am nervous about the inflation side of the ledger, where you’ve seen inflation above the target for four and a half years and it’s trending the wrong way.”

President and Federal Reserve Bank of Chicago CEO Austan Goolsbee

Photographer: Rachel Mummey/Bloomberg

Policymakers, including Goolsbee, voted to lower their benchmark interest rate by a quarter percentage ...