$WLD
Austin Goolsbee's bit—head of the Chicago Fed and a proper voter coming up—was all about these supply shocks that keep cropping up, stronger and lasting way longer than before
He made it clear: the Fed can't just stick its head in the sand over that 2% inflation target while ignoring these shocks, 'cause it forces a right painful trade-off between inflation and jobs
$TRUMP
Without any sign of pressures cooling off—especially in services and that ongoing AI data centre boom—getting back to 2% is a proper uphill battle
Turns out it's a lot tougher than anyone thought. And with Trump looking like he couldn't care less if it goes over, it makes the Fed's job of sorting out price stability a whole lot messier, innit?
$TAO
#Fed #USGovernment
Austin Goolsbee's bit—head of the Chicago Fed and a proper voter coming up—was all about these supply shocks that keep cropping up, stronger and lasting way longer than before
He made it clear: the Fed can't just stick its head in the sand over that 2% inflation target while ignoring these shocks, 'cause it forces a right painful trade-off between inflation and jobs
$TRUMP
Without any sign of pressures cooling off—especially in services and that ongoing AI data centre boom—getting back to 2% is a proper uphill battle
Turns out it's a lot tougher than anyone thought. And with Trump looking like he couldn't care less if it goes over, it makes the Fed's job of sorting out price stability a whole lot messier, innit?
$TAO
#Fed #USGovernment
