Fed’s Goolsbee: Inflation Has Spread Beyond Energy, Fed Not on Path to 2%

Cointime update: Chicago Fed President Austan Goolsbee said Friday that inflation is spreading into categories not driven by energy costs, with refining capacity issues keeping diesel and jet fuel prices elevated even as oil falls. He said data centers are pushing up prices, and service and healthcare inflation show no quick relief. Goolsbee added the Fed is not on track to reach its 2% target and would act more aggressively if data show inflation worsening.