Fed's Goolsbee warns supply shocks force painful trade-offs in inflation fight
- —US inflation stood near 3.7% in July, above the Fed's 2% target
- —Forecasters pushed their expected inflation peak as far out as 2027
- —Goolsbee said AI-driven investment demand could force tighter policy
- —The dollar index held near 100.30 as markets absorbed the remarks
Why it matters: A hawkish Fed signal pressures risk assets including bitcoin and delays expectations for rate cuts.
Source: Crypto Briefing