Chicago Fed President Austan Goolsbee called for improvements to the Federal Reserve’s Summary of Economic Projections, arguing that its current format can produce a confusing range of forecasts because policymakers do not have to use consistent assumptions. Speaking at an Official Monetary and Financial Institutions Forum event in London on September 21, Goolsbee said large supply shocks are becoming more routine, complicating decisions as U.S. inflation reached 3.7% in July 2026, against the Fed’s 2% target. He also highlighted persistent services inflation and the risk that heavy artificial-intelligence investment could strengthen demand. Goolsbee emphasized that the Fed should respond to economic conditions rather than presidential or market pressure, saying confidence in its independence is central to keeping inflation expectations anchored.