Fed president says a ‘major red flag’ will be if gloomy inflation expectations spread from consumers to Wall Street

Quick Summary:

Federal Reserve Bank of Chicago President Austan Goolsbee said if long-term inflation expectations are raised by the market then this could become a self-fulfilling prophecy.

Conversely Goldman Sachs, for example, is forecasting PCE (Personal Consumption Expenditures) inflation of 2.75% year over year, while JPMorgan Chase previously put the range for the year between 2.1% and 2.5%.

In the past few years the decision-making of the FOMC has come under increased scrutiny by members of the public and policymakers alike, as the group has attempted to pull down inflation by hiking rates to their highest in decades.

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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets: United States

Topics: Jerome powell Economy Fed interest rate Tariffs and trade Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 12:14:03 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 690 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 173 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27352014

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