🏦 Fed’s Goolsbee: “We Are Not on Track” to Hit 2% Inflation
Chicago Fed President Austan Goolsbee said on CNBC on Friday, Nov 13, that the Fed is not on a path back to its 2% inflation target.
🔹 Inflation has spread beyond energy into other categories, he said
🔹 He pointed to the AI data center buildout pushing prices higher
🔹 Services and medical costs may not ease quickly
🔹 Even if oil falls, refining limits could keep diesel and jet fuel prices high
🔹 If data worsens, the Fed would need to be more aggressive. He said the Fed “definitely has work to do” to protect its credibility
Goolsbee is often seen as one of the Fed’s more dovish voices, which makes the warning notable. October CPI already came in hot at 0.4% month over month.
Higher-for-longer rates often pressure risk assets like crypto. How are you positioned? 👇
#Fed #Inflation #economy #bitcoin #Crypto #Finance
$BTC
Chicago Fed President Austan Goolsbee said on CNBC on Friday, Nov 13, that the Fed is not on a path back to its 2% inflation target.
🔹 Inflation has spread beyond energy into other categories, he said
🔹 He pointed to the AI data center buildout pushing prices higher
🔹 Services and medical costs may not ease quickly
🔹 Even if oil falls, refining limits could keep diesel and jet fuel prices high
🔹 If data worsens, the Fed would need to be more aggressive. He said the Fed “definitely has work to do” to protect its credibility
Goolsbee is often seen as one of the Fed’s more dovish voices, which makes the warning notable. October CPI already came in hot at 0.4% month over month.
Higher-for-longer rates often pressure risk assets like crypto. How are you positioned? 👇
#Fed #Inflation #economy #bitcoin #Crypto #Finance
$BTC
