Chicago Fed's Austan Goolsbee highlighted the central bank's primary challenge: discerning if inflation's current surge will persist or fade. While the labor market remains robust, policymakers are scrutinizing factors like tariffs and geopolitical tensions. Goolsbee expressed particular concern over sticky services inflation, suggesting it warrants close observation as the Fed navigates the path ahead.

Chicago Fed's Austan Goolsbee highlighted the central bank's primary challenge: discerning if inflation's current surge will persist or fade. While the labor market remains…

In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.

Chicago Fed's Goolsbee warns core inflation at 2.9% is trending the wrong way, signaling rate cuts may be delayed with implications for crypto markets.

Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed…