Goolsbee warns strong demand could be boosting US inflation
Chicago Fed president Austan Goolsbee said strong demand may be contributing to US inflation beyond tariff and energy shocks, adding there is "no ambiguity" about the need for higher interest rates if that proves to be the case.
S. inflation may have moved beyond the tariff and energy price shocks of the last 18 months and could now be being driven by strong demand as well. He said there is "no ambiguity" about the need for higher interest rates if that proves to be the case.