Fed's Goolsbee: Overall, we have made good progress on inflation

<p>There isn't much on monetary policy from Goolsbee in brief welcoming remarks at an agricultural conference.</p><p>"Food price inflation has been well-above levels comfortable for average Americans," he said. "But overall we have made progress on inflation outside of the food sector; it's been coming down, it's not yet down to target but 2023 we're on path to set the highest drop in the inflation rate in 71 years."</p>

This article was written by Adam Button at www.forexlive.com.