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Fed's Goolsbee Stresses Inflation Credibility as Treasury Chief Opposes Hikes
Chicago Fed's Goolsbee says the central bank has work to do on inflation, while the US Treasury chief argues against rate hikes over an Iran war energy shock.
What happened
Chicago Fed President Austan Goolsbee said the central bank must reestablish its credibility on inflation, according to Bloomberg, and that it has definitely got work to do on the issue, CNBC reports.
CNBC also reports that Goolsbee argued wage growth is not a leading indicator of inflation. Separately, Reuters reports that the US Treasury chief said the Fed should not raise interest rates in response to an energy shock tied to the Iran war.
In a further item, Reuters reports that Fed official Warsh is set to take stock of the AI revolution as the US public grows wary of it.
Context
The Federal Reserve sets US monetary policy, and its officials regularly weigh inflation, labor market conditions and energy costs when discussing interest rates.
Why it matters
Differing views between Fed officials and the Treasury on how to respond to energy-driven price pressures may shape how markets read the outlook for US interest rate policy.
Market indices
Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.
S&P 500 (SPY): 757.12 (−0.35%) · November 12
Nasdaq-100 (QQQ): 688.17 (−0.32%) · November 12
Dow Jones (DIA): 522.47 (−0.38%) · November 12
Sources
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
- Fed's Warsh to take stock of AI revolution as US public grows wary · Reuters · November 13, 2026
- Goolsbee Says Fed Must Reestablish Its Inflation Credibility · Bloomberg.com · November 13, 2026
- US Treasury chief says Fed should not hike rates over energy shock tied to Iran war · Reuters · November 13, 2026
- Wage growth is not a leading indicator of inflation: Fed's Goolsbee · CNBC · November 13, 2026
- Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation · CNBC · November 13, 2026
Related
- Wholesale inflation eased last month but stays elevated, AP reports
- Rand Hits Seven-Month Low as Fed Signals Hikes Under Warsh
- Bloomberg: Treasury Bond Haven Trade Fades Quickly
- Japan core inflation seen above BOJ target; India trade deficit at one-year high
- Fed's Logan Urges Clearer Separation of Market Operations
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