Fed's Goolsbee: Inflation Fight Will Be 'Painful' — SkimNews
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- Austan Goolsbee, Chicago Fed president, said fighting inflation is likely to be "painful" and warned the Fed can't keep waiting out oil shocks
- A top Federal Reserve official said the central bank will need to be "aggressive" on inflation
Why it matters: Top Fed officials publicly framed the inflation fight as requiring forceful, painful action, with Goolsbee warning the Fed can no longer wait out oil shocks — a coordinated hawkish message from leadership at a moment of energy-price pressure.
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