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Fed’s Goolsbee: “We’re way above target” on inflation, signaling tighter policy risk

Nov 12, 2026, 11:18 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

A senior Fed official publicly saying inflation is well above target strengthens the case for the Fed to maintain or raise policy restraint (policy mechanism); the actual impact depends on incoming inflation data and other Fed speakers.

AI summary

What happened, with direct paths to the underlying reporting

Fed President Austan Goolsbee said inflation is "way above target."

  • Fed President Austan Goolsbee said "We're way above target' on inflation.

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