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Goolsbee said that if inflation does not fall to the 2% target, rate hikes may be necessary.
【Federal Reserve's Goolsbee: Rate hikes needed if inflation does not fall】
Federal Reserve Governor Goolsbee said that if inflation does not fall back to the 2% target level, interest rates will need to be raised. He is open to the possibility that inflation will begin to decline and willing to accept that the current inflation problem stems from a supply shock that will soon fade, but he wants to see evidence that the shock is subsiding.
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Goolsbee said that if inflation does not fall back to the 2% target level, interest rates will need to be raised.
Goolsbee remains open to the possibility that inflation is beginning to decline.
Goolsbee is willing to accept that the current inflation problem stems from a supply shock that will soon fade, but wants to see evidence that the shock is subsiding.
The following is analysis, separate from reported facts. Verify important claims independently.
This means that if inflation does not fall to 2%, interest rates may be raised; however, Goolsbee is also watching whether inflation will decline as supply shocks dissipate.
Raising interest rates is the inflation response mentioned in this information.
Beginners can focus on indicators: whether inflation falls to 2%, and whether evidence emerges that supply shocks are dissipating.
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Inflation is a phenomenon in which the overall price level of goods and services rises, thereby weakening the purchasing power of money.
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View glossary →This term is not in the glossary yet. Browse related concepts in the glossary.
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