Goolsbee: Inflation components matter as much as overall pace
Chicago Fed President Austan Goolsbee said inflation components matter as much as the overall inflation pace for assessing policy, according to Barron's.
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Fed's Goolsbee Says Mix Of Supply And Demand Pressures On Inflation Has More Impact On Pace Than Destination; If Inflation Is Mostly Demand Driven Rate Response Will Have To Be More Aggressive And More Front-loaded; Inflation Data Earlier This Year Seemed To Show Supply Shocks Waning; Now Some Of It Is Coming From Demand; The Fed Is Now More In The "Action Scenario" Given Mix Of Inflation Pressures
Fed's Goolsbee Says Mix Of Supply And Demand Pressures On Inflation Has More Impact On Pace Than Destination; If Inflation Is Mostly Demand Driven Rate Response Will Have To Be More Aggressive And More Front-loaded; Inflation Data Earlier This Year Seemed To Show Supply Shocks Waning; Now Some Of It Is Coming From Dema