Fed's Goolsbee Says Current Unemployment Rate Is "Pretty Close" To Full Employment; Business Contacts Say Labor Market Is Getting Tighter, Alternate Measures Tell The Same Story; Fed Remains Very Credible, Everyone Takes The Job Extremely Seriously; Components Of Inflation Will Matter To Fed's Analysis, With Services Inflation Not Seen As Tied To Oil Price Shock But A Product Of Strong Demand; Should Be Open To Making The Sep More Informative
Fed's Goolsbee Says Current Unemployment Rate Is "Pretty Close" To Full Employment; Business Contacts Say Labor Market Is Getting Tighter, Alternate Measures Tell The Same Story; Fed Remains Very Credible, Everyone Takes The Job Extremely Seriously; Components Of Inflation Will Matter To Fed's Analysis, With Services I