Federal Reserve official Austan Goolsbee says inflation is moving in the wrong direction

The core claim that Austan Goolsbee said inflation is moving in the wrong direction is strongly supported by multiple independent sources dated May 8, 2026. The Bitget News article directly quotes him characterizing inflation as 'moving in the wrong direction' and the labor market as 'quite stable' with 'little evidence of deterioration,' matching the claim precisely. The X post via the supplied link (@unusual_whales, May 8, 2026) confirms 'inflation has not been great and is going the wrong way.' The PBS/AP article from April 6, 2026 shows Goolsbee has consistently used this 'wrong direction' framing. The only minor uncertainty is that the specific framing of 'services inflation' as a key concern is not explicitly confirmed in the May 8 quotes found, though it is consistent with broader Fed discourse in this period. The labor market and inflation direction elements are fully corroborated.