Austan Goolsbee

Before the market opened on Tuesday, the Bureau of Labor Statistics reported cooler-than-expected consumer price index inflation data for October, showing that inflation is slowing down. Every time in the past, the Fed driving inflation lower has been accompanied by a recession, Federal...

Risk sentiment rebounded during midday Wednesday trading in New York as stocks surged, driven by a retreat in Treasury yields after several sessions of substantial surges. The ADP National Employment Report, which fell short of expectations (89,000 vs. 153,000), provided a welcome respite,...

Markets are bouncing back after days of pronounced volatility, aided by the slowdown in Treasury yields and Thursday’s dip in the value of the dollar. Newly released data confirmed that U.S. economic growth was at an annualized rate of 2.1% in Q2, while initial jobless claims have held near...

In a day marked by a chorus of voices from the Federal Reserve at the prestigious Jackson Hole Symposium, a wide range of opinions echoed through the financial corridors. As Fed Chair Jerome Powell struck a more hawkish tone, indicating the readiness to further hike rates if circumstances dictate,...

Near midday during New York’s trading session, a momentum shift rippled through all indices, offsetting Monday’s gains. S&P Global Ratings downgraded five U.S. regional banks, and has concurrently revised the outlook for two additional banks, a move that has stirred apprehension...

Federal Reserve Bank of Chicago President and CEO, Austan Goolsbee reportedly said the central bank has not yet succeeded in bringing down inflation to the level it prefers. "The law gives the Fed two jobs, maximize employment, stabilize prices. We have done very well on the employment side. We are...

Federal Reserve Bank of New York President John Williams reportedly said Wednesday that inflation is still at problematic levels and the central bank will use its tools to rein in price hikes. "Inflation is still too high, and we will use our monetary policy tools to restore price stability,"...

Federal Reserve Bank of Chicago President Austan Goolsbee believes during moments of financial stress, the right monetary policy is to maintain caution, watchfulness and prudence. What Happened: "And I don’t say that because I think we should stop prioritizing the fight against inflation just...

Major Wall Street indices closed mixed on Tuesday as investors and traders remained cautious ahead of the release of the consumer price inflation data on Wednesday. What Happened: Markets witnessed some relief after Chicago Fed President Austan Goolsbee warned the Federal Reserve needs to be...

Federal Reserve Bank of Chicago President Austan Goolsbee reportedly said central bankers must avoid putting too much weight on financial markets and should focus on what they learn from incoming data. This was Goolsbee's first speech since he took office last month. In his remarks prepared for an...