Fed's Goolsbee says he's worried about inflation in 'fraught but intense' climate

Chicago Fed President Austan Goolsbee said he is more worried about inflation than unemployment, signaling a hawkish tilt from a regional policymaker. He cautioned that policymaking is difficult in the current environment despite apparent progress on the Iran war, comments that could support higher Treasury yields and complicate risk-asset positioning.

Analysis

Chicago Fed President Austan Goolsbee said he is more worried about inflation than unemployment, signaling a hawkish tilt from a regional policymaker. He cautioned that policymaking is difficult in the current environment despite apparent progress on the Iran war, comments that could support higher Treasury yields and complicate risk-asset positioning.