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Fed's Goolsbee: want more assurance on inflation to cut in Sept or fall

ReutersAug 15, 2025 12:50 PM

- Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the latest reports this week showing a rise in services inflation are a source of "unease" given what he sees as the stagflationary impulse from tariffs on the economy.

"I feel like we still need another one at least to figure out if we're still on the golden path," Goolsbee told CNBC.

"If we can assure ourselves or get a hint that for this meeting, or the meetings this fall, that we aren't on an inflationary spiral that looks to be persistent, I still think it makes sense given the strength of the economy to move the rates more back to where we think they're going to settle."

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