Fed's Goolsbee: Signs of overheating have emerged in data centers, but the major issue has long been inflation.

18 minutes ago

Chicago Federal Reserve Chairman Austan Goolsbee said consumer spending has been a key driver of growth, with employment and expansion remaining quite stable, but the main persistent issue is inflation. Goolsbee noted that the overall economic data appears to signal classic economic overheating, and he is starting to see a pickup in services sector inflation. He added that the failure to curb inflation must be squarely addressed.

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