Fed’s Goolsbee: Agrees with Warsh that inflation is Fed’s main issue right now

Agrees with the Fed chair about details of the economy.
Agrees that inflation is the Fed's main issue right now.
On inflation it is important to understand what is the nature of the supplies shocks or is a demand driven inflation.
Pretty clear that inflation from overheated demand is hard to address.
Inflation has continued longer than expected.
Was okay with holding rates steady at July FOMC
Does not have strong opinion about number of FOMC meetings

This article was written by Greg Michalowski at investinglive.com.

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