Chicago Federal Reserve President Austan Goolsbee expressed concern over the latest U.S. inflation data, saying rising price pressures in the services sector were particularly troubling and suggested inflation was moving in the wrong direction.
Speaking at an event hosted by the Greater Rockford Chamber of Commerce in Illinois, Goolsbee said the April inflation report was more disappointing than expected, especially because the increase was not limited to energy or tariff-related categories. He pointed to persistent inflation in services as a key concern for policymakers.
