Goolsbee signals caution on interest rates
Chicago Fed President Austan Goolsbee said the fight against inflation is not yet over and stressed the need for a cautious approach to monetary policy.
Goolsbee described the labor market as balanced and stable, emphasizing that the Fed’s priority is to bring inflation sustainably back to its 2% target.
Goolsbee said the Fed would not overreact to a single month of data, adding that all options remain on the table for the next meeting, from raising rates to keeping them unchanged. He said the decision would depend on upcoming inflation and employment data.
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