Inflation has been stubbornly hanging around 2.8% for months. That’s above the Federal Reserve's 2% target. Meanwhile, key areas of the labor market are showing signs of weakness.
“Marketplace” host Kai Ryssdal spoke with Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about Fed independence, what the government shutdown means for federal data, and inflation risks.
Stephen Miran, President Trump’s latest appointee to the Federal Reserve Board Governors, wants the federal funds rate to be a full 2 percentage points lower than its current level.