NPR's Michel Martin asks Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about rising inflation and the latest federal report on consumer prices.

Discover how the Federal Reserve System stabilizes the U.S. economy, controls monetary policy, and regulates financial institutions across 12 districts.

The [Federal Reserve] is not the bad guy. The Fed is the guardian of the galaxy,” Austan Goolsbee, the president of the ...

Inflation is showing fresh signs of cooling, ticking up 2.7% year-over-year, lower than many economists had expected. It follows the release of a delayed jobs report that showed weak growth and the ...

Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last ...