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MNI BRIEF: Goolsbee Sees No `Last Mile' Inflation Problem

(MNI) OTTAWA

Chicago Federal Reserve President Austan Goolsbee on Friday rejected the idea inflation has a so-called 'last mile' problem and was hopeful recent setbacks reflect a "bump" on the way back to price stability.

“There isn’t at this time much evidence in my view that inflation is stalling out at 3%,” Goolsbee said. Investors also don't see inflation taking back off again, he said.

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Chicago Federal Reserve President Austan Goolsbee on Friday rejected the idea inflation has a so-called 'last mile' problem and was hopeful recent setbacks reflect a "bump" on the way back to price stability.

“There isn’t at this time much evidence in my view that inflation is stalling out at 3%,” Goolsbee said. Investors also don't see inflation taking back off again, he said.

Keep reading...Show less