Chicago Fed President Austan Goolsbee reiteratedgamesandblockchainHousing price increases need to slow down to bring overall inflation down to the 2% target.
Goolsbee said in an interview on Friday that "multiple" inflation data were already higher than expectations.
“gamesandblockchainWe are still dealing with the question of how long inflation will last,"Goolsbee said
Residential prices are key to determining broader inflation measures
"If we cannot drop to pre-COVID-19 levels, it will be difficult for us to get overall inflation to meet the standards."
Note: Goolsbee has no vote on monetary policy this year
