Fed’s Goolsbee: Inflation would come roaring back
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, said that inflation will come roaring back, citing that with Oil prices rising, this is a stagflationary shock to the market in a prepared speech in Detroit on Tuesday.

Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, said that inflation will come roaring back, citing that with Oil prices rising, this is a stagflationary shock to the market in a prepared speech in Detroit on Tuesday.

Key takeaways:

Nothing in Federal Reserve Act says make the stock market happy, or make the president happy.

If actively talking about taking away the independence of the Fed, that's a bad idea.

Inflation would come roaring back.

Oil prices rising is a stagflationary shock.

Now in an uncomfortable situation, no obvious cookbook for Fed.

My immediate concern is stagflationary shock of oil prices before the tariff-price shock has gone away.

Job market stable but not great.

Cautious, nervous about economy.

The longer you go with high inflation, the more it gets ingrained into the economy.

Hopefully impact from oil will prove temporary.

$5/gallon gas will affect the supply chain.

There's anxiety about inflation coming back.

Possibility of stagflationary recession from oil price rise would be the worst outcome.”

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.33% -0.23% 0.05% -0.06% -0.51% 0.01% 0.08%
EUR 0.33% 0.10% 0.33% 0.23% -0.19% 0.33% 0.41%
GBP 0.23% -0.10% 0.25% 0.15% -0.26% 0.25% 0.33%
JPY -0.05% -0.33% -0.25% -0.09% -0.54% -0.03% 0.05%
CAD 0.06% -0.23% -0.15% 0.09% -0.45% 0.06% 0.16%
AUD 0.51% 0.19% 0.26% 0.54% 0.45% 0.51% 0.61%
NZD -0.01% -0.33% -0.25% 0.03% -0.06% -0.51% 0.11%
CHF -0.08% -0.41% -0.33% -0.05% -0.16% -0.61% -0.11%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite

COTATIONS EN DIRECT

Nom / Symbole
Graphique
% Variation / Prix
GBPUSD
Variation 1 jour
+0%
0
EURUSD
Variation 1 jour
+0%
0
USDJPY
Variation 1 jour
+0%
0

TOUT SUR FOREX

Explorer Plus d'Outils
Académie de Trading
Parcourez une large gamme d'articles éducatifs couvrant les stratégies de trading, les perspectives de marché et les fondamentaux financiers, le tout en un seul endroit.
En Savoir Plus
Cours
Explorez des cours de trading structurés conçus pour soutenir votre croissance à chaque étape de votre parcours de trading.
En Savoir Plus
Webinaire
Rejoignez des webinaires en direct et à la demande pour obtenir des perspectives de marché en temps réel et des stratégies de trading d'experts de l'industrie.
En Savoir Plus