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Recent inflation data was 'bad news,' Fed's Goolsbee says

Recent inflation data was 'bad news,' Fed's Goolsbee says

By Howard Schneider WASHINGTON, May 2 (Reuters) - Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday.
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Chicago Fed's Goolsbee Warns of Inflation Risks Amid Fed's Rate Decision

Chicago Fed's Goolsbee Warns of Inflation Risks Amid Fed's Rate Decision

Chicago Fed's Goolsbee Warns of Inflation Risks Amid Fed's Rate Decision
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Kashkari says Iran war limits Fed's ability to provide rate guidance

Kashkari says Iran war limits Fed's ability to provide rate guidance

By Michael S.
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Federal Reserve Dissenters Oppose Indication of Future Rate Cuts

Federal Reserve Dissenters Oppose Indication of Future Rate Cuts

Federal Reserve Dissenters Oppose Indication of Future Rate Cuts
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Bureau of Economic Analysis Reports Decline in Consumer Spending Amid Rising Costs

Bureau of Economic Analysis Reports Decline in Consumer Spending Amid Rising Costs

Bureau of Economic Analysis Reports Decline in Consumer Spending Amid Rising Costs
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Kevin Warsh's Potential Impact on Fixed-Income Markets as New Fed Chair

Kevin Warsh's Potential Impact on Fixed-Income Markets as New Fed Chair

Kevin Warsh's Potential Impact on Fixed-Income Markets as New Fed Chair
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Federal Reserve Faces Inflation Challenges as U.S. Economy Grows 2% in Q1 2026

Federal Reserve Faces Inflation Challenges as U.S. Economy Grows 2% in Q1 2026

Federal Reserve Faces Inflation Challenges as U.S. Economy Grows 2% in Q1 2026
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U.S. Economy Grows 2% in Q1 as Inflation and Energy Costs Impact Growth

U.S. Economy Grows 2% in Q1 as Inflation and Energy Costs Impact Growth

U.S. Economy Grows 2% in Q1 as Inflation and Energy Costs Impact Growth
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Federal Reserve's Inflation Gauge Reaches Three-Year High Amid Iran Conflict

Federal Reserve's Inflation Gauge Reaches Three-Year High Amid Iran Conflict

Federal Reserve's Inflation Gauge Reaches Three-Year High Amid Iran Conflict
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Federal Reserve's Hammack Opposes Easing Bias Amid Economic Uncertainty

Federal Reserve's Hammack Opposes Easing Bias Amid Economic Uncertainty

Federal Reserve's Hammack Opposes Easing Bias Amid Economic Uncertainty
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Federal Reserve Maintains Interest Rates as Treasury Yields Remain Steady Amid Economic Data Releases

Federal Reserve Maintains Interest Rates as Treasury Yields Remain Steady Amid Economic Data Releases

Federal Reserve Maintains Interest Rates as Treasury Yields Remain Steady Amid Economic Data Releases
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Federal Reserve Faces Potential Clash as Powell and Warsh Overlap

Federal Reserve Faces Potential Clash as Powell and Warsh Overlap

Federal Reserve Faces Potential Clash as Powell and Warsh Overlap