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Chicago Fed President Goolsbee:
Last six months have shown we can bring down inflation without jobs lost
So far we’ve been able to walk the golden path
The bank problems ‘have been the dog that’s not barking’
We have been disproving people with a stable Phillips curve mindset
This has been a strange business cycle, so normal tradeoffs don’t apply
Asked about a rate hike, says he’s ‘not a fan of tying our hands before the data’
Notes openness to reading data ahead of Sept
Getting inflation down without higher unemployment ‘would be a triumph’It has been a hectic period of central bank decisions and risk-averse market moves. In the past week we decisions from the RBA, BoE, Thailand and Colo
[See the full post at: Central Bank Watch – Week Ahead Focus on Inflation and Fed Speakers]
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