Chicago Fed president warned inflation is still moving in the wrong direction

Austan Goolsbee said core inflation remains well too high, while endorsing new Fed Chair Kevin Warsh's move to strip forward guidance from Fed communications

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Chicago Federal Reserve President Austan Goolsbee warned Thursday that core inflation remains too high and is moving in the wrong direction, even as he acknowledged a few positive signs in the latest price data, according to CNBC.

"If we look at core inflation: still well too high and it's trending the wrong way, and we've got to see improvement on that," Goolsbee said, according to........

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