Chicago Fed president: Slowdown in U.S. inflation a trend, not blip

The recent slowdown in U.S. inflation was not just a “momentary blip,” according to Chicago Federal Reserve President Austan Goolsbee. The top Fed official spoke to the Financial Times last week and said it’s indisputable the deceleration in inflation is a trend. Goolsbee rejected the idea efforts to return inflation to the central bank’s 2% target w