Fed’s Goolsbee: Overall, we have made good progress on inflation

There isn’t much on monetary policy from Goolsbee in brief welcoming remarks at an agricultural conference.

“Food price inflation has been well-above levels comfortable for average Americans,” he said. “But overall we have made progress on inflation outside of the food sector; it’s been coming down, it’s not yet down to target but 2023 we’re on path to set the highest drop in the inflation rate in 71 years.”

This article was written by Adam Button at www.forexlive.com. Source