Chicago Fed's Goolsbee Says Inflation Remains the Fed's Weak Spot

Chicago Fed President Austan Goolsbee said Monday the Federal Reserve needs to confront inflation, which he characterized as a failure on the price side of the central bank’s mandate. He described employment and economic growth as stable. The Fed held its interest-rate target range at 3.75% to 4% in October. U.S. consumer prices rose 3.7% in September from a year earlier, up from 3.4% in August. The Fed’s next meeting is scheduled for Dec. 8-9. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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