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Goolsbee warns of 'hard way' back from stagflation amid inflation-employment trade-off

Goolsbee describes stagflation trade-off at monetary forum

1 Sep 21 · 5d ago · 2 posts · 2 sources · development 1 of 1

Chicago Federal Reserve President Austan Goolsbee delivered remarks at a Monetary and Financial Institutions Forum event characterizing the central bank's position during stagflationary pressures.

“This is exactly the painful trade-off between employment and inflation that stagflationary shocks always impose on a central bank. Unfortunately, in environments like that, the only way back is the hard way.”

Austan Goolsbee

Austan GoolsbeeAustan Goolsbee Chicago Federal Reserve President

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