Federal Reserve Goolsbee hopes that the dangerous inflation data is just a flash in the pan.

Chicago Federal Reserve Bank President Austan Goolsbee said that, despite some recent inflation data being better than expected, he still hopes that a "dangerous" data point is just a flash in the pan. Goolsbee said in an interview during the annual Federal Reserve meeting in Jackson Hole, Wyoming on Thursday, "Some of the inflation reports we have received are milder than expected, and I feel good." "The latest inflation report shows that service sector inflation is indeed starting to soar - most likely not driven by tariffs," he said, "This is a dangerous data point, and I hope it's just a flash in the pan." He said that the Federal Reserve's policy meeting in September is "like a real-time meeting for me."