Chicago Fed President Austan Goolsbee Calls Rising Services Inflation an “Unexpected Disappointment”
The president of the Chicago Federal ReserveAustan Goolsbee said Tuesday that the government report, which reflected an acceleration in consumer prices last month, contained the “unexpected disappointment” of rising inflation in services, highlighting more widespread inflationary pressures.
inflation “is going in the wrong direction, and not just with respect to oil-related products or tariffs”Goolsbee told the Greater Rockford Chamber of Commerce in Rockford, Illinois.
Inflation of services “That’s the part that worries me. I want it to at least stop growing and hopefully start going down, because that can’t really be due to oil prices.”
