Federal Reserve's Goolsbee: If low consumer confidence leads to a decline in consumer spending, he will be alert to demand "overcooling"

Open to new ways of thinking about inflation. The Federal Reserve should incorporate all available data as much as possible, but he believes there is no panacea for solving the inflation problem. Federal Reserve Chairman nominee Kevin Warsh has some thought-provoking and innovative perspectives. Reforming the central bank's inflation framework is "no easy task."