Reported 2 days ago
Chicago Fed President Austan Goolsbee stated that a robust jobs report will not alter the Federal Reserve's strategy on interest rates over the next 12 to 18 months. Despite the addition of 254,000 jobs in September and a decrease in the unemployment rate to 4.1%, Goolsbee remains confident that rates will eventually be reduced to a range of 2.5%-3.5%. He emphasized that while short-term decisions may be affected, the longer-term outlook remains stable, contingent on economic conditions and potential external shocks.
Source: YAHOO