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Why is inflation so stubborn in the United States?
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 stubborn 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.
Last on
Thu 20 Jun 202422:32GMT
BBC World Service except Europe and the Middle East
Broadcasts
- Thu 20 Jun 202421:32GMTBBC World Service Europe and the Middle East
- Thu 20 Jun 202422:32GMTBBC World Service except Europe and the Middle East
