연준의 굴스비(2027년 투표권자), 몇 달 연속으로 문제의 징후가 나타나고 있다고 말해

INFLATION: Reiterates the Fed are above the target and have been for some time. Coming from categories that are not all prices or tariffs. Highlights services inflation as an area he's keeping an eye on. Dynamic is on the troubling side, but he's hopeful of progress. Inflation data in the autumn is usually favourable, but not seeing that at the moment. If seeing progress on inflation, he is comfortable that rates will settle where they're supposed to go in the long term. "If we see regress on inflation, though, that's a total different kettle of fish." Fed is not making any progress on inflation. Inflation has been above target for almost six years. Inflation has proved far more persistent than the Fed has predicted. Looking like it's spreading out of its lane. Services inflation is probably not coming from tariffs or oil. LABOUR MARKET/WAGES: Job market could be a source of inflation, and he wants to caution on that. Wage growth is not a leading indicator of inflation, it's a lagging indicator. What we're seeing now in inflation will show up in wages over the coming months. Thinks the jobs market is stable; might be tightening a little bit. MONETARY POLICY: Reiterates he doesn't like committing on rates; doesn't like tying hands before Fed meetings. Fed's decision-making will be guided by what's going on in inflation. Reiterates that the Fed has work to do. Pace of rate hikes will depend on how quickly the Fed believes inflation can return to target. Right now, not on the path back to 2% inflation. AI: Data centre build-out from AI has been heating up the economy. TARIFFS: Tariff shock in energy was supposed to have gone away by now, but it hasn't; if demand is contributing, that's more worrisome.