Fed's Goolsbee: Improved monthly inflation readings feels like path to 2%

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told Bloomberg TV on Tuesday that the improved monthly inflation readings feel like they are on a path to 2%, per Reuters.

Key takeaways

"Still grappling with housing inflation."

"There are some warning signs in the job market."

Market reaction

The US Dollar (USD) preserves its strength following these comments. At the time of press, the USD Index, which tracks the USD's valuation against a basket of six major currencies, was up 0.2% on the day at 106.03.