Goolsbee, Fed will fight inflation
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Fed official Austan Goolsbee said in London that fighting inflation would be "painful" and the Fed would need to be aggressive, citing supply shocks from the Iran war and tariffs.
Reposted by Claudia Sahm
“This is exactly the painful trade-off between employment and inflation that stagflationary shocks always impose on a central bank. Unfortunately, in environments like that, the only way back is the hard way.” www.bloomberg.com/news/article...
Fed’s Goolsbee Says Road to 2% Inflation May Not Be Painless
Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.
www.bloomberg.com
September 21, 2026 at 3:25 PM
“This is exactly the painful trade-off between employment and inflation that stagflationary shocks always impose on a central bank. Unfortunately, in environments like that, the only way back is the hard way.” www.bloomberg.com/news/article...
JUST PUBLISHED: "Global versus Domestic Supply Chain Disruptions: Implications for Inflation and Economic Confidence" is published at International Finance: onlinelibrary.wiley.com/sha...
Working paper version is available at dx.doi.org/10.2139/ssrn.470...
Working paper version is available at dx.doi.org/10.2139/ssrn.470...
September 21, 2026 at 11:30 AM
JUST PUBLISHED: "Global versus Domestic Supply Chain Disruptions: Implications for Inflation and Economic Confidence" is published at International Finance: onlinelibrary.wiley.com/sha...
Working paper version is available at dx.doi.org/10.2139/ssrn.470...
Working paper version is available at dx.doi.org/10.2139/ssrn.470...
JUST PUBLISHED: "Tariffs, Inflation and Monetary Policy: Implications for Welfare" is published at the Journal of International Money and Finance: doi.org/10.1016/j.jimonfin.... Working paper version is available at dx.doi.org/10.2139/ssrn.513...
September 21, 2026 at 1:00 AM
JUST PUBLISHED: "Tariffs, Inflation and Monetary Policy: Implications for Welfare" is published at the Journal of International Money and Finance: doi.org/10.1016/j.jimonfin.... Working paper version is available at dx.doi.org/10.2139/ssrn.513...
U.S. tariff shocks significantly elevate long-run unexpected inflation and inject substantial volatility into inflation expectations, fundamentally complicating price stability. doi.org/10.1016/j.najef.202...
September 21, 2026 at 1:30 AM
U.S. tariff shocks significantly elevate long-run unexpected inflation and inject substantial volatility into inflation expectations, fundamentally complicating price stability. doi.org/10.1016/j.najef.202...
This paper investigates the role of international trade in explaining inflation spillovers across 146 countries for the sample period of 1970-2022. dx.doi.org/10.2139/ssrn.462...
September 21, 2026 at 12:00 AM
This paper investigates the role of international trade in explaining inflation spillovers across 146 countries for the sample period of 1970-2022. dx.doi.org/10.2139/ssrn.462...