(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday repeated his view that getting the economy on the “golden path” — where inflation falls but recession is avoided – is possible, but not a guarantee.
“The overall level of inflation is still above where we want to be,” Goolsbee said in an interview on Marketplace Radio, noting that he wants particularly to see more slowing in goods and housing inflation.
Still, he said, “There’s a growing confidence that we can pull it off. The only thing I want to caution you is, that’s not a guarantee.”
(Reporting by Ann Saphir; Editing by Leslie Adler)
