A post by @FirstSquawk on X.
FED'S GOOLSBEE SAYS ALL OPTIONS REMAIN OPEN AND THE FED MUST REDUCE INFLATION TO TARGET, THAT IT WOULD BE A MAJOR CONCERN IF INFLATION EMBEDS INTO EXPECTATIONS, AND THAT THE FED WILL HAVE TO ACCEPT IT IF INFLATION REMAINS PERSISTENT
@FirstSquawk on X
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Fed Reserve Bank of Chicago President Austan Goolsbee said all options remain open for monetary policy and that the central bank must bring inflation back to its target, warning that it would be a major concern if inflation becomes embedded in expectations. He added that the Fed will have to accept it if inflation proves persistent. The remarks signal the Fed is keeping the door open to further tightening rather than committing to a pause. Traders will watch incoming inflation data and expectations surveys for signs of anchoring ahead of the next policy meeting.
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Austan Goolsbee, Federal Reserve