Federal Reserve Watch for Oct. 2: Goolsbee Says Price Data Moving in Wrong Direction

03:14 PM EDT, 10/02/2025 (MT Newswires) -- Chicago Fed President Austan Goolsbee (voter) said he is not certain whether tariff-driven inflation will prove temporary or persistent, telling Fox Business that recent price data are moving in the wrong direction.

Recent comments of note:

(Oct. 1) The Supreme Court will hear oral arguments in January on President Donald Trump's attempt to dismiss Fed Governor Lisa Cook, allowing her to remain in the role at least through January, and possibly until a ruling next summer.

(Sept. 30) Dallas Fed President Lorie Logan (nonvoter) said inflation continues to rise even outside of tariff-related sectors. She remains cautious about further interest-rate reductions, noting that more labor slack may be needed to lower inflation.

(Sept. 30) Fed Vice Chair Philip Jefferson (voter) said risks remain on both sides of the Fed's mandate, with employment risks tilted to the downside and inflation risks to the upside. He expects both to ease over time.

(Sept. 30) Boston Fed President Susan Collins (voter) said it would be appropriate to lower rates further given the risk of rising unemployment. She still supports a modestly restrictive stance due to elevated inflation.

(Sept. 29) Cleveland Fed President Beth Hammack (nonvoter) said monetary policy needs to remain restrictive to get inflation closer to the 2% goal, noting elevated services inflation not related to tariffs.

(Sept. 29) New York Fed President John Williams (voter) said he expects further easing in monetary policy as the balance of risks has begun to shift toward a softer employment picture.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.