"Chicago Fed President Discusses Future Rate Hikes and Likelihood of Recession"

Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, expresses confidence in the possibility of achieving a "golden path" of reducing inflation without causing a recession. However, he cautions that it is not guaranteed and depends on remaining attentive to the data. Goolsbee suggests that progress in core inflation, particularly in goods and housing, is crucial, while wage growth may not be a reliable indicator. He also mentions the importance of real-time information from sources like the Beige Book in shaping the Federal Reserve's decisions.