Fed's Goolsbee Calls Recent Inflation Data 'Bad News'

Chicago Fed President Austan Goolsbee described recent inflation data as 'bad news,' indicating the need for caution regarding rate cuts until inflation recedes. The Personal Consumption Expenditures price index rose at a 3.5% annual rate in March, signaling ongoing challenges.

By By Howard Schneider Updated May 2, 2026 2 min read · Yahoo Finance · May 2, 2026, 19:55 UTC

Fed's Goolsbee Calls Recent Inflation Data 'Bad News'

Topics: Federal Reserve inflation monetary policy rate cuts

Read the full article at Yahoo Finance

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