Chicago Fed President Goolsbee: Inflation 'Stuck at 3%' Is Not Acceptable
Austan Goolsbee warns that the economy is not currently on a path back to the 2% target, calling the stagnation unacceptable.
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Terms & Concepts
Federal Reserve (Fed): The central banking system of the United States, responsible for implementing monetary policy to manage inflation and employment.
Inflation: The rate at which the general level of prices for goods and services is rising, eroding purchasing power.