Fed's Goolsbee: Hopes that the dangerous inflation data is just a temporary phenomenon

[Fed's Goolsbee: Hopes Dangerous Inflation Data is Just a Temporary Phenomenon] Fed's Goolsbee stated that although some recent inflation data has been better than expected, there is also a "dangerous" data point, and he hopes this is just a temporary phenomenon. He said, "The last inflation report showed that service sector inflation has indeed begun to soar, which may not be driven by tariffs." "This is a dangerous data point, and I hope this is just a small episode." He mentioned that the Fed's policy meeting in September "seemed to me like a real-time meeting." At the time Goolsbee made these remarks, the Fed was facing stricter scrutiny from the Trump administration and demands to drop the interest rate.