by Ian Hanchett
Breitbart.com
On Friday’s broadcast of NPR’s “Morning Edition,” Chicago Federal Reserve Bank President Austan Goolsbee stated that while the May and June inflation reports were “excellent” ones, the frustration that he often hears that “I go to the grocery store. It is expensive. That’s not really going to change.”
Co-host A Martinez asked, “Austan, we’ve heard from a lot of listeners that the positive signs on inflation are not necessarily showing up in their day-to-day lives and that essentials, such as food and rent, still seem pretty painfully expensive. Do you have a sense that that is changing at all?”
Goolsbee answered, “Yes and no. And you could have made it even worse for us or made us more unpopular, in that the Fed looks, not at overall inflation, but primarily at core inflation, which does not include energy and food prices.