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Fed's Goolsbee Warns of Inflation Risks Ahead

8/22/2025

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Summary

Story summary

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, highlighted the importance of the September FOMC meeting due to mixed economic signals.
He raised concerns about a recent inflation spike in services, calling it a "dangerous" indicator.
Goolsbee stressed the necessity for additional data before considering interest rate changes.
The Fed is under scrutiny from the Trump administration regarding interest rates and board member behavior.

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Story summary

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, highlighted the importance of the September FOMC meeting due to mixed economic signals.
He raised concerns about a recent inflation spike in services, calling it a "dangerous" indicator.
Goolsbee stressed the necessity for additional data before considering interest rate changes.
The Fed is under scrutiny from the Trump administration regarding interest rates and board member behavior.