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Fed’s Goolsbee Says He Wants to See More Inflation Progress
Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more evidence the Fed is on track toward its 2% inflation goal before cutting interest rates, though he stopped short of ruling out a reduction in March. “I don’t like tying our hands ahead of time when we’ve got weeks and months of data to come in,” Goolsbee said Friday in an interview on PBS, when asked whether he thinks a rate cut at the Fed’s March 19-20 meeting is premature. “We ought to base those decisions on how the actual data come through,” he said. “More and more progress like what we have seen on inflation and ... (full story)
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- Posted: Feb 3, 2024 7:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,556
