Fed's Goolsbee: Inflation has been well-above target
Published . Updated .
Key takeaways
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That first line is the one that matters. Stimulus is a demand word. For two years the Fed’s framing on AI was about supply: productivity, capacity, a disinflationary tailwind somewhere down the road. Goolsbee is now describing it the way you’d describe a fiscal package.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF+0.2% 17d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF+0.1% 17d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF+0.7% 17d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- JPM JPMorgan Chase-1.4% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-12.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- DHI D.R. Horton+4.2% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | +1.21% | +1.27% | base | -1.49% | after close | after close | after close |
| IEF | +1.16% | +0.95% | base | -0.70% | after close | after close | after close |
| TIP | +0.93% | +0.72% | base | -0.46% | after close | after close | after close |
| QQQ | -6.13% | -1.68% | base | -0.32% | after close | after close | after close |
| JPM | -1.72% | -0.42% | base | -0.17% | after close | after close | after close |
| BAC | -1.69% | -0.16% | base | -0.24% | after close | after close | after close |
| DHI | +6.90% | +5.54% | base | -2.07% | after close | after close | after close |
| SCHW | -0.19% | -0.05% | base | -1.12% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Fed's Goolsbee: Inflation has been well-above target investingLive
Source: investingLive
Ishares Tr (TLT) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -0.24% | final price |
| Bank Of America (BAC) | three days earlier | -0.16% | final price |
| Bank Of America (BAC) | five days earlier | -1.69% | final price |
| DHI | that day | -2.07% | final price |
| DHI | three days earlier | +5.54% | final price |
| DHI | five days earlier | +6.90% | final price |
| Ishares Tr (IEF) | that day | -0.70% | final price |
| Ishares Tr (IEF) | three days earlier | +0.95% | final price |
| Ishares Tr (IEF) | five days earlier | +1.16% | final price |
| Jpmorgan Chase (JPM) | that day | -0.17% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -0.42% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.72% | final price |
| QQQ | that day | -0.32% | final price |
| QQQ | three days earlier | -1.68% | final price |
| QQQ | five days earlier | -6.13% | final price |
| SCHW | that day | -1.12% | final price |
| SCHW | three days earlier | -0.05% | final price |
| SCHW | five days earlier | -0.19% | final price |
| Ishares Tr (TIP) | that day | -0.46% | final price |
| Ishares Tr (TIP) | three days earlier | +0.72% | final price |
| Ishares Tr (TIP) | five days earlier | +0.93% | final price |
| Ishares Tr (TLT) | that day | -1.49% | final price |
| Ishares Tr (TLT) | three days earlier | +1.27% | final price |
| Ishares Tr (TLT) | five days earlier | +1.21% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 69 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 23 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 87 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 41 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 30 days before publication. Filed 27 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TLT)
Companies mentioned with this story
- TLT Ishares Tr
In “Fed's Goolsbee: Inflation has been well-above target,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- IEF Ishares Tr
Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Fed's Goolsbee: Inflation has been well-above target.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- TIP Ishares Tr
In “Fed's Goolsbee: Inflation has been well-above target,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
For “Fed's Goolsbee: Inflation has been well-above target,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- JPM Jpmorgan Chase
For “Fed's Goolsbee: Inflation has been well-above target,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- COST Costco Wholesale
For “Fed's Goolsbee: Inflation has been well-above target,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- BAC Bank Of America
In “Fed's Goolsbee: Inflation has been well-above target,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- PG Procter & Gamble
In “Fed's Goolsbee: Inflation has been well-above target,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
How “Fed's Goolsbee: Inflation has been well-above target” reaches Ishares Tr (TLT)
Ishares Tr (TLT) is the company in “Fed's Goolsbee: Inflation has been well-above target,” the 12 Nov 2026 this story story.
Ishares Tr (TLT) is on the page because iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
Also listed, Ishares Tr (IEF): iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
The price range for Ishares Tr (TLT), and the dates in the story
IEF traded between 88.64 and 90.69 across 15 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.61 across 15 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 15 sessions. The latest close on file is 79.46.
What the saved facts support for Ishares Tr (TLT)
46 out of 100
“Fed's Goolsbee: Inflation has been well-above target” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.