US Fed’s Austan Goolsbee, Beth Hammack say inflation is flashing ‘orange’ or worse

Federal Reserve officials Beth Hammack and Austan Goolsbee expressed concern over persistent inflation, rating it orange to red. While Hammack sees the labor market as yellow to green, Goolsbee views it as yellow due to uncertainty. Both acknowledge the financial system is generally stable, though Goolsbee noted potential asset price frothiness.