Chicago Federal Reserve President Goolsby said on the 17th that the Federal Reserve will take all necessary steps to return inflation to its 2% target, but upward pressure on home prices is easing as expected. If they do so, they are already on track to achieve their goals. Photographed in September 2011 (2023 Reuters/Mike Blake)
[１７日 ロイター] – Chicago Federal Reserve President Goolsby said on the 17th that the Federal Reserve will take all necessary steps to return inflation to its 2% target, but upward pressure on home prices is not expected to continue. He said he believed that if the restrictions were eased, they would already be on track to achieve their goals.
“Trends in housing prices will be critical to whether inflation stays on track (towards its goal),” Goolsby said at the Chicago Fed’s annual symposium. He said that if upward pressure on housing prices eases as expected, the country will be on the path to achieving its price target and will be on the “high road” to not triggering a recession.
At the same time, he said that although the situation surrounding inflation was improving, it was still too high. He said the Fed’s main focus should be on prices, and that employment conditions and economic growth should not be the main focus at this point.
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