Balancing Act: Austan Goolsbee on the Federal Reserve and the EconomyPublished byglobalaffairs.orgon •1 min readglobalaffairs.orgThe American economy in 2026 presents a contradictory picture: inflation has cooled, yet prices remain stubbornly high, and unemployment has risen even as some industries struggle to hire. What do these tensions mean for the Federal Reserve?The Chicago Council on Global AffairsDonateGet InformedPast Event VideoDeep Dish PodcastAnalysisThe Global IssueNews & AnnouncementsIn the NewsNewslettersEventsLearn moreShareLegalReport