Fed’s Goolsbee sees ‘golden path’ to lower inflation without a recession


Economy on 'golden path' to bring inflation down without a recession, says Chicago Fed president

Chicago Federal Reserve President Austan Goolsbee said Friday he’s confident inflation can be tamed without a recession, even with additional interest rate increases likely.

Speaking to CNBC following the release of the June nonfarm payrolls report, he said the ongoing job growth is part of the Fed’s “golden path” toward restoring price stability without taking the economy.

“What the Fed’s overriding goal right now is to get inflation down. We’re going to succeed at it and to do that without a recession would be a triumph,” Goolsbee told CNBC’s Steve Liesman during a “Squawk on the Street” interview. “That’s the golden path, and I feel like we’re on that golden path. So I hope we keep…


0 0 votes
Article Rating

The unemployment rate among Black workers increased in June

Previous article

This is ‘the end of the beginning’ of the battle against inflation, economist says

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy