Goolsbee warns against “looking through” persistent supply shocks
Chicago Fed President Austan Goolsbee said central banks should not simply “look through” persistent supply shocks, saying large supply disruptions have recently become more frequent, hit harder and lasted longer. He also said he is “attuned” to elevated service-sector inflation.
Chicago Federal Reserve President Austan Goolsbee on Monday said central banks should not simply “look through” supply shocks when those shocks become persistent. He said large supply disruptions have recently become more frequent, have hit harder and have lasted longer.