Fed's Goolsbee says hard to get throughline on inflation, how persistent or temporary; inflation going the wrong way, some of that driven by one-and-done; inflation a little more disturbing on services side

Inflation Spending now counting on future gains makes me feverous about potential inflationary pressure. Seeing some glimmers of hope on services inflation, but it is still well higher than where it needs to be. Core inflation still well too high, trending wrong way. If core CPI is from services that makes me more nervous than if it's from goods or oil-related items. Wages aren't a great leading indicator for inflation; inflation could go up before wages. Need to keep watching inflation, PCE report wasn't all negative. Saw a little bit of improvement on services. Inflation side of mandate is clearly the problem. Balance sheetBalance sheet in emergencies was used as monetary policy, but don't think of it that usually.Fed Have long been uneasy with forward guidance; doesn't hate dot plot. Don't want to commit on years-ahead forecasts. Fed Chair task force will think through options on dot plot, welcome that. Applaud streamlining the Fed statement.