Fed's Goolsbee on Inflation Risk, Rates and Warsh

• Goolsbee is 'less optimistic' about disinflation progress due to recent data showing inflation 'getting worse.'
• He states that inflation is the 'topic of the moment' and that rate cuts are not the 'only thing on the table.'
• The job market has been 'stable for a year, year and a half.'
• He expresses sympathy for the incoming chairman's (Warsh) skepticism about the value and appropriateness of using forward guidance.

Chicago Fed President Austan Goolsbee expresses growing concern about inflation, noting a deterioration in recent data and a stall in disinflation progress, making him less optimistic about rate cuts. He emphasizes that inflation is the 'topic of the moment' and that the job market remains stable.