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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