Fed's Goolsbee: Inflation has been well-above target

What we know so far

investingLive (Nov 12, 22:21): AI investment looks like a form of stimulusWorth being 'sober minded' about inflation an Fed responseFed is failing on the inflation side of its mandateDoes not want to prejudice what happens with monetary policyPlenty of room for the Fed to discuss policy optionsThe market is pricing in 87 bps of hikes in the year ahead.That first line is the one…