Fed’s Goolsbee: Corporate Profits Still High but Starting to Narrow

The signal here is direction, not level: margins easing from a high base is the kind of disinflationary pressure the Fed has been watching, and it comes from a regional president rather than the Chair, so it reads as a data point in an ongoing internal debate. Equally notable is what Goolsbee did not say — no link to the rate path, leaving the policy read deliberately open. For markets, the open question is whether this margin compression shows up in official data and whether other Fed voices echo it; a lone, detail-free remark is not yet a trend.