Chicago Federal Reserve President Goolsbee: Recent inflation data looks improved.

Austan Goolsbee, president of the Chicago Federal Reserve Bank, stated that although inflation remains high, recent data has shown improvement. "Data has improved in recent months, and I hope this momentum will continue," Goolsbee said in an interview on Thursday. Goolsbee added that the inflation rate is still too high. Data released this week showed that after cooling in June, the core CPI inflation rate remained moderate in July. A report released on Thursday indicated that the PPI slowdown exceeded expectations.