08-27-2026RAPID RESPONSE

The economy looks stable. The Chicago Fed president isn’t relaxing

Austan Goolsbee explains why inflation could flare again, what Kevin Warsh is changing at the Fed, and why AI has yet to live up to the hype.

Chicago Fed President Austan Goolsbee [Photo: Luke Johnson/Getty Images]

The economy is strong, prices are still too high, and the job market is sending mixed signals. The Federal Reserve is navigating all of it while fending off the most overt political pressure in its modern history. Ahead of the central bank’s closely watched meeting in Jackson Hole, Wyoming, the president of the Chicago Fed, Austan Goolsbee, gives his most candid read on what’s actually going on. He explains why tariffs, war in the Middle East,........

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