Reported 12 months ago
Federal Reserve Bank of Chicago President Austan Goolsbee stated that policymakers should consider reducing interest rates if US inflation falls back to the 2% target. Goolsbee emphasized the importance of actively deciding to lower rates to prevent inadvertently tightening policy as inflation decreases. Federal Reserve officials have maintained high rates for over two decades and are monitoring inflation closely before considering any rate adjustments.
Source: YAHOO