Fed’s Goolsbee: Inflation Moving in Wrong Direction, Has Stalled

Goolsbee's admission that disinflation has stalled gives cover to the higher-for-longer camp inside the Fed, and that matters for crypto and other long-duration risk assets that rallied on rate-cut expectations. The notable gap is that he named no policy path, so this reads as a warning shot rather than a signal. Whether other officials echo the same framing in coming appearances is the open question.