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Business Matters: Why is inflation so stubborn in the United States?

21/06/2024 GMT

Why is inflation so stubborn in the United States?

BBC World Service - Business Matters, Why is inflation so stubborn in the United States?

We hear from the head of one of the countries reserve banks

Exclusive interview with Austin Goolsbee, the president of the Federal Reserve bank of Chicago one of 12 Reserve banks in the US.

The inflation is the rate at which prices increases - so when we say the inflation rate is slowing down it does not mean that prices are falling . 

So we wanted to discuss why inflation is still so sticky with someone in the US who has been looking at it for some time - someone involved in those crucial decisions on interest rates 

Rahul Tandon spoke to Austin Goolsbee President of the Federal Reserve bank of Chicago one of 12 Reserve banks in the US.

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