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FED: Goolsbee Sees More “Close Call” Meetings Ahead

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  • Chicago Fed’s Goolsbee (’25 voter) has talked to CNBC after today’s CPI report, viewing it as around expectations which ties in with the notion that core CPI may have been hotter than expected but it might not translate through to core PCE. Unsurprising for the most dovish member of the FOMC, he notes the softest rental inflation.
  • His “close call” comments are interesting considering that’s how the WSJ/FT blackout steers were phrased. 

 

  • "FED'S GOOLSBEE: INFLATION CAME IN AROUND EXPECTATIONS, IMPROVEMENT ON HOUSING FRONT -- CNBC INTERVIEW" – Reuters
  • “*GOOLSBEE: I'M IN TOTAL AGREEMENT WITH POWELL'S REMARKS” - bbg
  • “*GOOLSBEE: WILL PROBABLY HAVE MORE CLOSE-CALL MEETINGS” – bbg
  • “*GOOLSBEE: WE HAVE TO THINK MORE ABOUT BOTH SIDES OF FED MANDATE” – bbg
  • "*GOOLSBEE: QUESTION IS CAN WE HOLD LABOR MARKET AT NEUTRAL RATE" - bbg
  • “*GOOLSBEE: SHOULD KEEP OUR EYE ON VACANCIES, QUITS, HIRING RATES” – bbg
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  • Chicago Fed’s Goolsbee (’25 voter) has talked to CNBC after today’s CPI report, viewing it as around expectations which ties in with the notion that core CPI may have been hotter than expected but it might not translate through to core PCE. Unsurprising for the most dovish member of the FOMC, he notes the softest rental inflation.
  • His “close call” comments are interesting considering that’s how the WSJ/FT blackout steers were phrased. 

 

  • "FED'S GOOLSBEE: INFLATION CAME IN AROUND EXPECTATIONS, IMPROVEMENT ON HOUSING FRONT -- CNBC INTERVIEW" – Reuters
  • “*GOOLSBEE: I'M IN TOTAL AGREEMENT WITH POWELL'S REMARKS” - bbg
  • “*GOOLSBEE: WILL PROBABLY HAVE MORE CLOSE-CALL MEETINGS” – bbg
  • “*GOOLSBEE: WE HAVE TO THINK MORE ABOUT BOTH SIDES OF FED MANDATE” – bbg
  • "*GOOLSBEE: QUESTION IS CAN WE HOLD LABOR MARKET AT NEUTRAL RATE" - bbg
  • “*GOOLSBEE: SHOULD KEEP OUR EYE ON VACANCIES, QUITS, HIRING RATES” – bbg