European Session: Yields Jump, Oil Surges, Stocks Slide
Treasury yields rise, oil prices surge, and European stocks fall as inflation worries persist.
34 min ago7 min read
Goolsbee echoes Warsh: Inflation is Fed's top concern
Goolsbee agrees inflation is the main issue and backs steady rates at July FOMC.
28/08/2026 17:012 min read
- Goolsbee aligns with the Fed chair on specifics of the economic situation.
- He agrees that inflation is the central bank's primary issue at present.
- Regarding inflation, he stressed the importance of distinguishing between supply shocks and demand-driven factors.
- It is fairly clear that inflation resulting from overheated demand is challenging to tackle.
- Price increases have persisted longer than initially projected.
- He supported holding rates steady at the July FOMC meeting.
- He does not hold a strong opinion on the number of FOMC meetings.
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