Fed’s Goolsbee: I still see continued progress on inflation

Chicago Fed Pres. Goolsby is speaking and says:

• I still see continued progress on inflation
• For the last six months PCE inflation has run close to 2% target.
• Optimistic for 2025 on a soft landing.
• A lot of uncertainties remain.
• Uptick in business confidence, uncertainty, since the election.
• CPI report is somewhat encouraging, somewhat discouraging, in equal measure.
• If Congress and president be drafting policies that will raise prices, Fed has to think about that.
• What matters is impact of policies as a whole
• Cannot look at the impact of tax Without also looking at government spending side.
• Pretty confident we will get inflation to 2%. That’s a promise the Fed has made.

Goolsbee tilts more toward a dove when given the chance. He is, however, a litle hedge-y in his comments too.

This article was written by Greg Michalowski at www.forexlive.com.