Goolsbee says inflation remains the more important policy focus for the Federal Reserve

Chicago Federal Reserve President Goolsbee stated that the latest employment data shows the U.S. labor market remains stable, while inflation that is too high is still the Federal Reserve's more important policy focus at present. Regarding whether the Federal Reserve should continue to raise interest rates or pause this month, Goolsbee said, "There are strong reasons for any option to be on the table," and expressed his desire to see more evidence that inflation is falling back toward the 2% target.