✉news BusinessEconomy first seen 2 d ago, last 1 d ago, peak #26
Chicago Fed president flags record gap between data and sentiment
Original: ‘Record divergence’ between economic data and Americans’ views, Chicago Fed president says
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said there is a 'record divergence' between economic data and how Americans view the economy. His comment highlights the puzzle facing policymakers: indicators like jobs and growth look solid, while consumer sentiment remains deeply negative. The remarks add to debate over whether perceptions or the data are out of step.
Why now: The mismatch between strong official economic indicators and gloomy public sentiment is a live issue for Fed policy and the political debate.
Federal Reserve Bank of ChicagoAustan GoolsbeeUnited States
Evidence
- ‘Record divergence’ between economic data and Americans’ views, Chicago Fed president says · chicagotribune.com
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