Fed's Goolsbee flags unfinished credibility work ahead of December
As seen on the 24/7 Wall St. homepage on November 13, 2026.
A sitting Fed official framing credibility as unfinished business is the hawkish tell traders key on heading into the December decision.
JUST IN: Fed's Goolsbee says the Fed has work to do "to maintain credibility"
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On November 13, Chicago Fed President Austan Goolsbee said the Fed still has work to do "to maintain credibility," signaling the committee is not yet satisfied that inflation is durably under control. That leans hawkish with the December decision ahead.
Anyone positioned for a Fed that is nearly done has to weigh this language before that meeting.
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The timing sharpens the significance. With the December policy decision on the horizon, any public signal that board members see more work ahead can shift rate expectations and reprice assets across fixed income and equities. Goolsbee's framing gives the hawks a fresh talking point heading into that meeting.
Markets betting on a Fed that is nearly done will now have to weigh this language against that thesis. A central bank still fighting for credibility is one that keeps its options open on additional tightening rather than one that is quietly winding down.