The economy looks stable. The Chicago Fed president isn’t relaxing

The economy is strong, prices are still too high, and the job market is sending mixed signals. The Federal Reserve is navigating all of it while fending off the most overt political pressure in its modern history. Ahead of the central bank’s closely watched meeting in Jackson Hole, Wyoming, the president of the Chicago Fed, Austan Goolsbee, gives his most candid read on what’s actually going on. He explains why tariffs, war in the Middle East, and six years above the 2% inflation target ma...