Fed's Goolsbee Calls March PCE Inflation Bad

Chicago Fed President Austan Goolsbee called March PCE inflation 3.5% YoY “bad news,” urging caution on rate cuts.
Fed kept policy rate at 3.5‑3.75% with an 8‑4 vote, the most divided decision since 1992.
Rising oil prices and Iran‑related geopolitical tensions add to inflation risks, now spilling into service sectors.
Kevin Warsh awaits Senate confirmation to replace Jerome Powell as Fed Chair, with Goolsbee expressing optimism about the transition.