Episode
Inflation is moving the wrong way
- Podcast
- Marketplace
- Published
- Jun 22, 2026
- Duration seconds
- 1515
- Processing state
not_requested
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Summary
The last time Austan Goolsbee voted in an FOMC meeting, he was one of two policymakers opposed to cutting interest rates. Six months later, he doesn’t regret that dissent. In this episode, Kai catches up with the Chicago Fed president to discuss the central bank’s communication style, persistent inflation concerns, and former Fed Chair Alan Greenspan’s legacy. Plus: Beef prices are likely to keep climbing this year, it could take months to rebuild depleted oil reserves, and economists make a case that AI could drive more inflation. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories from today’s episode: Chicago Fed President: Inflation is "well above the target and has been going the wrong way" As the oil crisis eases, the global scramble to replenish reserves begins Why beef prices keep climbing Many economists believe that AI will lead to more inflation. Why? How We Survive: A Carbon Burial at Sea