Chicago Federal Reserve President Austan Goolsbee stated that the labor market is stable, but he is focused on determining whether high inflation will persist or recede.
Goolsbee expressed concern over the current inflation rate, which is above the target, and is evaluating evidence to determine if it will return to the promised 2% path.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
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