Chicago Fed President Goolsbee said this week’s consumer and producer price readings came in above expectations and were "disappointing." He said he "remains somewhat hopeful": if the factors lifting inflation — whether tariffs or supply disruptions from the Middle East war — fade quickly, that would be the best outcome; if inflation instead reflects overheated demand or a large-scale buildout of AI data centers, it would be more concerning and would require policy action.

2026-10-16

Chicago Fed President Goolsbee said this week’s consumer and producer price readings came in above expectations and were "disappointing." He said he "remains somewhat hopeful": if the factors lifting inflation — whether tariffs or supply disruptions from the Middle East war — fade quickly, that would be the best outcome; if inflation instead reflects overheated demand or a large-scale buildout of AI data centers, it would be more concerning and would require policy action.