Federal Reserve Goulsby: More evidence is still needed to confirm a decline in inflation

Comparative news. According to Kim 10, Chicago Federal Reserve Governor Goulsby said that the recent CPI data is encouraging, but inflation was still high in May and June. If the June trend continues in the next three or four months, we can be sure that prices are steadily returning to the 2% target. He supported keeping interest rates unchanged in July, saying that inflation is still the biggest concern, and the economy and employment are generally stable. He warned that if retail sales continue to decline, it will cause concern, as consumption is a key pillar of the US economy.

Furthermore, he expressed concern about the recent decline in productivity growth, saying that if AI-driven growth is unsustainable, the narrative surrounding AI and monetary policy will need to be re-examined. As to whether to reduce the number of policy meetings, Goulsby said he had no strong opinions and was willing to wait for the working group's recommendations.