Goolsbee: ‘The Priority Should Not Be on GDP Growth and Job Growth, It Should Be on Inflation Rate’

LIESMAN Austin I want ░░░░░░░░ ask you two questions ░░░░░░░░ re both the same ░░░░░░░░ but maybe one you ░░░░░░░░ answer one you won ░░░░░░░░ First question is are ░░░░░░░░ done The other way ░░░░░░░░ would ask the question ░░░░░░░░ can you talk about ░░░░░░░░ conditions by which you ░░░░░░░░ say you re done ░░░░░░░░ It sounds like you ░░░░░░░░ playing into exactly the ░░░░░░░░ that I was saying ░░░░░░░░ the market I don ░░░░░░░░ want to get into ░░░░░░░░ don t like pre ░░░░░░░░ what the rates are ░░░░░░░░ to be at the ░░░░░░░░ meeting when we still ░░░░░░░░ weeks to go on ░░░░░░░░ lot of information to ░░░░░░░░ It sounds like you ░░░░░░░░ asking for even more ░░░░░░░░ that not just what ░░░░░░░░ vote for on the ░░░░░░░░ meeting but what am ░░░░░░░░ going to vote for ░░░░░░░░ the next year For ░░░░░░░░ we cannot answer that ░░░░░░░░ we see what the ░░░░░░░░ are That seems straight ░░░░░░░░ My conditions for when ░░░░░░░░ should be done is ░░░░░░░░ re back on path ░░░░░░░░ to get inflation down ░░░░░░░░ target Now we ve ░░░░░░░░ a lot of progress ░░░░░░░░ I think anybody who ░░░░░░░░ saying that we re ░░░░░░░░ out on inflation or ░░░░░░░░ hasn t been enough ░░░░░░░░ do well to remember ░░░░░░░░ fact that we re ░░░░░░░░ the fastest falling inflation ░░░░░░░░ years in the last ░░░░░░░░ That s a path ░░░░░░░░ looks good but it ░░░░░░░░ not done yet I ░░░░░░░░ the inflation rate while ░░░░░░░░ is still above where ░░░░░░░░ target is and I ░░░░░░░░ absolutely hammering that s ░░░░░░░░ we should be watching ░░░░░░░░ priority should not be ░░░░░░░░ GDP growth and job ░░░░░░░░ it should be on ░░░░░░░░ rate.”