Fed’s Goolsbee says some high monthly inflation readings won’t knock his confidence

Inflation has been so well behaved that some high readings for a few months won’t change the picture, Chicago Fed President Austan Goolsbee said Wednesday.

Because inflation fell so far so fast last year, “even if inflation comes in a bit higher for a few months, as many forecasts suggest, it would still be consistent with our path back to [the 2%] target,” Goolsbee said, in talk at the Council of Foreign Relations in New York.

“There…