Chicago Fed President Goolsbee said the latest CPI data was 'discouraging' with service inflation a concern, but emphasized focusing on the inflation trend. He warned tariff impacts are lasting, AI investment could overheat, and the Fed will act if inflation stays high.
He emphasized focusing on inflation trend, not one report
He hopes energy will fade from inflation data soon
Tariff impacts on prices are more lasting than expected
AI hype could cause more tech investment and risk overheating
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