Federal Reserve official Austan Goolsbee said on Aug. 12 that the economy will remain healthy as long as consumer spending stays solid. He also said inflation is still the biggest problem facing the economy. The update was carried by BlockBeats and cited Jin10 as the source. The remarks point to the Fed's continued focus on price pressures even as consumer demand remains steady. In Goolsbee's view, resilient consumption is a key support for overall economic health, while inflation remains the main challenge policymakers are watching.
Federal Reserve official Austan Goolsbee said on Aug. 12 that the economy will stay healthy as long as consumer spending remains solid.
He added that the biggest problem facing the economy is inflation.
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