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Recent inflation data was 'bad news,' Fed's Goolsbee says

Posted on May 2, 2026
By Google News
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1 min read

Recent inflation data was 'bad news,' Fed's Goolsbee says

Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan ‌Goolsbee said on Saturday.