Reported 11 months ago
Federal Reserve Bank of Chicago President Austan Goolsbee remains optimistic about a further cooling of inflation, indicating a potential for a rate cut. Goolsbee expressed hope for improved inflation trends and emphasized the need for the Fed to consider the appropriateness of the current high short-term rate target amidst signs of economic cooling. While Goolsbee did not comment on the timing of rate cuts, he highlighted the importance of balancing inflation and employment mandates to prevent excessive economic slowdown due to prolonged tight monetary policy.
Source: YAHOO