GoKawiil
Tech News
Chicago Fed President Austan Goolsbee said Monday that the central bank might need to accept higher unemployment as a cost of bringing down persistently high inflation. He noted that supply shocks create a short-term conflict between the Fed's dual goals of stable prices and maximum employment, forcing policymakers to prioritize one over the other.
Chicago Fed President Austan Goolsbee says that although headline economic indicators look solid, persistent price pressures, tariffs, and Middle East conflict make this one of the riskiest inflation environments he's encountered. He also addressed how new Fed leadership under Kevin Warsh is reshaping internal dynamics, and described himself as a 'grim optimist' on artificial intelligence, noting the technology's results still lag its hype.