Federal Reserve member Goolsbee: My concerns will decrease if the slowdown in employment stops.

In an interview on CNBC on Thursday, the Federal Reserve Bank of Chicago member, Austan Goolsbee, commented on the inflation data released today in the United States, which showed a slower-than-expected deceleration in both the general and core Consumer Price Index for the month of September. The key points from Goolsbee's interview were: - The inflation data came close to expectations, and there is an improvement in housing sector inflation. - There is still a lot of incoming data regarding what is next, and nothing is off the table right now. - There were differences in opinion during the recent series of Federal Reserve meetings, and it's likely that future meetings will have some differences as well. - The Federal Reserve does not want to be ahead or behind in its policy moves. - The labor market has slowed down but is still at full employment levels. - The Federal Reserve's projections show that the overwhelming majority expect a moderate decline in interest rates over the next 12 to 18 months. - The Federal Reserve needs to adopt a longer-term view. - If the data continues to show that employment is not deteriorating, that will alleviate some of my concerns. - The overall trend is clearly that inflation has decreased significantly. - It is likely that the Federal Reserve meetings will be more aligned in views. - There is still a lot of data to be released before our meeting in November. - Concerns about negative tightening are no longer significant now that the Federal Reserve has begun to move at the next meeting.