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'Inflation remains too high.' Two Fed dissenters who rejected latest interest-rate cut explain why
Two top Federal Reserve officials who voted against cutting U.S. interest rates this week said inflation remains too high and the central bank should have waited for more evidence that price increases are slowing. One of the two dissenters, Chicago Federal Reserve Bank President Austan Goolsbee, had voted in favor of rate cuts at the bank's previous two meetings. "While I voted to lower rates at the September and October meetings, I believe we should have waited to get more data, especially about inflation, before lowering rates further," Goolsbee said Friday. The other dissenter, Kanas City Fed chief Jeffrey ... (full story)
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From @MaceNewsMacro|Dec 12, 2025CHI FED'S GOOLSBEE Q&A: THE NEW CHICAGO FED LABOR MARKET INDICATORS HAVE PROVEN TO BE REMARKABLY ACCURATE BUT STILL MUST HAVE THE BLS JOBS DATA #Goolsbee #FederalReserve #economy CHI FED'S GOOLSBEE Q&A: DISSENT WAS ROOTED IN FACT THAT INFLATION HAS BEEN GOING UP LAST SIX MONTHS, PARTICULARLY FOR SERVICES WHICH IS NOT TARIFFS #Goolsbee #FederalReserve #economy CHI FED'S GOOLSBEE Q&A: JOB MKT HAS SHOWN A LITTLE WEAKNESS BUT MOST METRICS STABLE; JOB OPENINGS 'ACTUALLY RISING' #Goolsbee #FederalReserve #economy FED'S GOOLSBEE: DISSENT WASN'T ABOUT BEING HAWK BECAUSE I'M NOT GOOLSBEE: I'M NOT SAYING WE CAN'T CONSIDER CUTS FOR A LONG TIME CHI FED'S GOOLSBEE Q&A: WHEN PAYROLLS ARE UP 40,000 PLUS OR MINUS 105,000 MEANS 'GOING TO GET A LOT OF NEGATIVES' #Goolsbee #FederalReserve #economy
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