business / news / / Reuters
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment.
Fed officials Hammack and Goolsbee prioritize inflation concerns over employment in current policy outlook.
KEY POINTS
- Goolsbee warns inflation risk is worsening due to persistent tariffs and new stagflationary shocks from the Iran war.
- Hammack notes inflation has exceeded the Fed's target for five years and remains stubbornly high.
- Despite recent stock market losses, Hammack views the financial system as stable, while Goolsbee sees potential asset bubbles.
COMPANIES
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