Goolsbee went on CNBC to tell everyone that inflation is too high. This is what people call news in 2026. A man stating an objective fact that every person who buys groceries already knows. He got a live television appearance for this.
The kicker: he declined to speculate on interest rates. That's his entire job. The Chicago Fed President was asked where rates are going and said he won't tell you. Imagine hiring a weatherman who refuses to forecast weather. He just points at the sky and says it exists.
Williams chimed in to say price pressures are easing. Two Fed officials. Two different takes. Both useless. One says inflation is too high. The other says it's getting better. Together they've given you nothing you can trade on. But retail traders will spend tonight drawing trendlines on their phones trying to decode which one is right.
CNBC aired this from Goolsbee's home district. They sent cameras to film a man saying nothing in his natural habitat. Peak financial journalism. They could've run a rerun of Squawk Box from 2019 and delivered the same informational value.
The Fed has two moves: raise rates or lower rates. Goolsbee knows which way he's leaning. He knows what he'll vote for. He flew to a camera crew to specifically not tell you. This is the information you're supposed to use to position your portfolio.
Some guy named Derek just margin-called his account because he bought tech stocks after parsing Goolsbee's syntax for hidden dovish signals that don't exist.
Photo by Dulcey Lima on Unsplash
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