Chicago Federal Reserve President Austan Goolsbee described the latest consumer inflation report as 'borderline disturbing' and 'distressing,' noting that the consumer price index rose 0.4% on a seasonally adjusted basis in October, exceeding economists' predictions. This marks the third consecutive month of significant price increases, prompting discussions among Fed officials about the need for more aggressive interest rate hikes to combat inflation. Goolsbee emphasized that inflation is a pressing concern for consumers and businesses alike.