Fed's Goolsbee: Strong demand may be adding to US inflation, 'no ambiguity' how Fed would react
U.S. inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and now being driven by strong demand as well, Chicago Fed president Austan Goolsbee said on Sunday, leaving "no ambiguity" about the need for higher interest rates if that proves to be the case.
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