Chicago Fed’s Goolsbee: Restoring Price Stability Won’t Be Painless

Strong Demand May Be Adding To Inflation Along With Energy, Tariff, Other Supply Shocks 'No Ambiguity' What The Fed Would Do If Demand Is Overheating Supply Shocks Are Proving To Have Persistent Impact On Inflation, Must Be Accounted For In Setting Monetary Policy Need Evidence That Inflation From Supply Is Fading Or Hard To See A 'Credible Path' Back To 2% Inflation