Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that stronger-than-expected consumer and producer inflation data released this week were discouraging, raising concerns about the outlook for US price pressures, Reuters reported.
In an interview with CNN, Goolsbee said he remained cautiously optimistic that inflation could ease if it was driven by temporary factors such as tariffs, conflicts in the Middle East and supply-chain disruptions, Reuters reported.
