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Chicago Fed’s Goolsbee Warns of Rate Hikes, Job Risk

By Drooid · Sep 21, 2026, 11:03 PM UTC · How we work

Summary

Story summary

Chicago Fed President Austan Goolsbee said the Fed may raise rates, potentially increasing unemployment.
He said hikes aim to bring inflation back to the Fed’s 2% target.
He noted the Fed raised its rate to 3.9%, the rise in three years.
Fed Chair Kevin Warsh warned bank should not harm labor markets as it targets inflation.
Goolsbee warned rate hikes later this year may be needed if demand fuels inflation.

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Story summary

Chicago Fed President Austan Goolsbee said the Fed may raise rates, potentially increasing unemployment.
He said hikes aim to bring inflation back to the Fed’s 2% target.
He noted the Fed raised its rate to 3.9%, the rise in three years.
Fed Chair Kevin Warsh warned bank should not harm labor markets as it targets inflation.
Goolsbee warned rate hikes later this year may be needed if demand fuels inflation.