Fed's Goolsbee Says District Contacts Are Relaying Concerns That Sound Like Traditional Demand Overheating; Not Thinking About Any Coming Hikes As Reversing Last Year’s Cuts; The Only Choice The Fed Has If Supply Shock Inflation Proves Persistent Is To Reduce Aggregate Demand; Month-To-Month Job Growth Is Not A Good Measure Of Health Of Labor Market When There Is Doubt About Population Growth Due To Immigration Policies
Fed's Goolsbee Says District Contacts Are Relaying Concerns That Sound Like Traditional Demand Overheating; Not Thinking About Any Coming Hikes As Reversing Last Year’s Cuts; The Only Choice The Fed Has If Supply Shock Inflation Proves Persistent Is To Reduce Aggregate Demand; Month-To-Month Job Growth Is Not A Good Me