Inflation is moving the wrong way

Jun 22, 2026Kai speaks with Chicago Fed President Austan Goolsbee. Plus: beef prices, oil reserves, AI-driven inflation, and buried carbon.

Patrick T. Fallon/AFP via Getty ImagesSegments From This EpisodeLuke Johnson/Getty ImagesAustan Goolsbee, president of the Chicago Fed, says Chair Warsh’s new policy to cut back on forward guidance could prevent dings to Fed credibility.

Kayla Bartkowski/Los Angeles Times via Getty ImagesA tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily drawn down.

Joel Angel Juarez/Getty ImagesThere’s a “perfect storm” of low supply and high demand.

Mario Tama/Getty ImagesAI data centers require all kinds of materials — from copper to computer chips — which is driving up prices for other products that also need those resources.