Fed Goolsbee says if housing inflation decrease seen in April CPI continues, that’s great!

Federal Reserve Bank of Chicago President Austan Goolsbee in a radio interview

• If decrease in housing inflation seen in april cpi data continues,
  that’s great — marketplace radio interview
• I’m still
  optimistic, and my read of the evidence is that house price inflation
  comes down substantially

Data here ICYMI:

• US April CPI 3.4% y/y versus 3.4% expected

This article was written by Eamonn Sheridan at www.forexlive.com. Source