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via cnbc.comEconomy

Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation

FROM THE WIRE · CNBC.COM

The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA Fed policymaker signals the central bank will likely need to act on inflation, a hawkish tone that weighs on equities and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Goolsbee, Chicago Fed president, expressed concern about the latest inflation data.
  2. 02He told CNBC the central bank likely will need to take action.
  3. 03The message is hawkish for monetary policy.

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