Fed's Goolsbee: Endorses Holding Rates Steady at July FOMC Meeting

August 29 news, Fed's Goolsbee stated that he endorses maintaining interest rates unchanged at the July FOMC meeting, holds no strong views on the number of FOMC meetings, and the focus must remain on determining whether inflation is only temporary. Goolsbee also said he agrees with Fed Chair Warsh's views on economic details, that inflation is currently the Fed's main issue, and that inflation caused by clearly overheated demand is difficult to resolve, with inflation persisting longer than expected.