1450 ET - Chicago Fed President Austan Goolsbee said on CNBC that today's inflation report wasn't all negative, as there was some improvement in services inflation. Goolsbee noted that measure has been more concerning recently because its elevated reading doesn't stem from rising oil prices or tariff-related pressures. Regarding both sides of the Fed's dual mandate, inflation remains his concern. When discussing tools the Fed uses, such as the balance sheet, Goolsbee said the rate decision is fundamentally the monetary policy decision for the Fed. "The balance sheet in emergencies, like the origins of QE [quantitative easing], was used as monetary policy, but I tend to think of the balance sheet not as a monetary policy decision," he said. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 14:50 ET (18:50 GMT)
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