Reported about 9 hours ago
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, voiced his unease regarding the frontloading of interest rate cuts, highlighting persistent inflation concerns. In a recent interview, he indicated that while he believes rates should eventually decrease, they should align with inflation trends, which have been worrisome as core inflation remains elevated. Goolsbee remains cautious about upcoming decisions, particularly in light of uncertainties in the job market and economic indicators.
Source: YAHOO