FedIMPORTANTSeptember 23 at 11:35 AM

Fed's Goolsbee says better off assuming that bigger negative supply shocks to have a pretty persistent effect on inflation; That's what happened with tariffs, covid; that's maybe what's happening with oil; 'we better be careful'

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Fed's Goolsbee warned that negative supply shocks, like tariffs, COVID-19, and potentially oil, persistently impact inflation, urging that policymakers 'better be careful.'

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Fed's Goolsbee says better off assuming that bigger negative supply shocks to have a pretty persistent effect on inflation; That's what happened with tariffs, covid; that's maybe what's happening with oil; 'we better be careful'

What do investors think?

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