'There is a lot saying that inflation is trending down compared with what it has been and that’s what we want,' Goolsbee said in an interview with the...
- Chicago Fed president Austan Goolsbee said it is "undeniable" that the slowdown in U.S. inflation is a trend rather than a momentary blip, despite a recent string of economic data showing persistent pressure on some prices, the Financial Times reported on Monday.
Goolsbee denied that progress was stalling on getting inflation back to the U.S. central bank's 2% target and cautioned against tying forthcoming monetary policy decisions to a narrow set of data, the newspaper said. Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates
'There's plenty of room to raise taxes': This billionaire says the US will need to change Social Security, cut federal health insurance to deal with its worsening debt crisis — are you ready? -- China’s economy isn’t yet on secure footing, as recent green shoots have been offset by lingering fears about the property crisis and a stubborn inability to revive confidence.
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