Odd Lots: Fed’s Goolsbee Is Worried About Overheating (Podcast)

Chicago Federal Reserve Bank President Austan Goolsbee expresses concern regarding an overheating economy and persistent inflation, noting the 2% target remains distant. While GDP grows, this is primarily driven by AI and data center buildouts, alongside a strange labor market with low hiring and firing. Goolsbee highlights the uncertainty central bankers face when attempting to cool the economy, warning that the next shock could be imminent, necessitating careful monitoring of these volatile economic indicators.