Chicago Fed's Goolsbee: Inflation has come down and job market is around full employment level
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- Опубліковано 9 жов 2024
- Austan Goolsbee, Chicago Fed president, joins 'Squawk on the Street' to discuss Goolsbee's reaction to the latest economic data to cross the tape, if the Fed president wants to 'recalibrate' Fed policy, and much more.
How is it that the Fed President doesn't understand that inflation has not come down? The "rate of inflation" has come down. Those are two wildly different things. Inflation is still up 20-30%. How does a guy like this get a job like this????
Thats what they want. Prices will Never go BACK .... Dont YOU get it??
The Want inflation , just reduced inflation , NOT DEFLATION.
SEEMS like its you who doesnt understand what the Fed wants
Inflation *IS A RATE*. Prices have not come down, and it would take a severe depression to bring them down. Unless that's what you really want, the inflation is permanent, and we just have to move past it.
Personally, I just want inflation to come down to target.
@@ryann8348 the definition of "inflation" refers to the condition of being inflated, in this case prices. There is also the "inflation rate", which refers to the rate at which something, in this case prices, rises. I disagree that it would require a "severe depression" to bring them down. Perhaps a moderate recession with additional unemployment. The inflated prices are not necessarily permanent. For example, we have already seen prices of many things start to come down in the current environment as unemployment rises and demand decreases.
@@businessbeerandip-thatsme9745 you should look at the long-term CPI charts and see how little deflation even the GFC caused
Now strikes for more pay will drive up inflation.
Only 10% of all American writers are union-represented lol, and contacts have already been negotiated for millions of them. Not really realistic at this point
❤From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
How please?
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I Just withdrew my profits week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
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How Come EST On CPI Was Not Sane As August And The EST On CPI For September Was Estimated Lower Than August. If We Hope To Stay The Same , We Are In Inflation Not Able To Lower At Current While Future May Be Limited On Inflation. Sincerely ❤❤❤, KNT.
Unemployment rate is too low to remove the stubborn part of inflation.
political 🤣
This video is old because today’s CPI report was high and the jobs report was full of part time jobs. 😂😂
This video is from today after the CPI. Goolsbee is right; slightly high, but it's just one data point in a noisy series
The commentary is so useless. All previous days estimates are wrong as usual for cnbc and their guests. You can’t even predict the next 8 hours how can you predict the fed?
This is so clueless. The beginning of the hard lining people. Are you all that blind?
😂😂😂
Investors will still be supplied with money to Gamble on Equities.
The Markets appear to thrive as workers are laid off.
The revised figures may reflect the facts?
The BRICS Summit this month will reveal the end of the Economic Wars.