Goolsbee: Fed's Job Isn't Done, Inflation Still Too High

The transcript discusses the current economic sentiment, focusing on inflation and the need to achieve economic targets before declaring success. It highlights the potential risks of economic growth leading to inflation and the concept of the 'Golden Path'—reducing inflation without causing a recession. The speaker critiques traditional economic theories and indicators, emphasizing caution in relying on wage growth and quarterly growth rates as predictors of inflation.

What is the 'Golden Path' mentioned by the speaker, and why is it considered not normally feasible?

What does the speaker mean by 'we've been getting good news' in the context of inflation?