[Federal Reserve Official Goolsbee: Productivity Growth Expectations Could Trigger Inflation, Necessitating Fed Rate Hikes] According to a report by Jinse Finance, on May 28, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, reiterated that if the market anticipates a significant increase in future productivity, leading to higher investment and spending, it could trigger inflation, thereby requiring the Federal Reserve to raise interest rates. In a prepared speech delivered Thursday morning at a Bank of Japan conference in Tokyo, Goolsbee stated: "The expectation of income growth, much like today's increase in wealth, drives higher spending and could overheat the economy even before the productivity boom truly arrives. In such a scenario, interest rates may need to rise. The stronger the hype around future productivity, the more likely it is that interest rates will need to be raised to prevent economic overheating." Goolsbee also noted that supply shocks could exacerbate the inflation caused by expectations of future productivity growth.