Chicago Fed’s Goolsbee Warns the Fed Must Guard Against Demand Overheating
Chicago Federal Reserve President Austan Goolsbee said the central bank must remain alert to the risk that demand is running too hot, even as inflation has moved beyond one-off energy and tariff-related shocks. Speaking on CNBC, he said the AI investment boom is adding price pressure across sectors such as health care and services, complicating the path back to the Fed’s 2% target.
