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The Federal Reserve Goolsbee: will continue to refer to the September dot chart, and should slow down when approaching the neutral interest rate

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2024-11-16 03:09:53
On November 16, the Federal Reserve Goolsbee said that < b > we will consider interest rate cuts with reference to the Federal Reserve's September dot plot . Personally, I would prefer not to move directly towards the neutral rate. < b > We should slow down when we approach the neutral rate. The neutral rate is significantly lower than the current level of the Federal Reserve's policy rate. In the Fed's policy calculations, anything is always on the table. He also said that the inflation data must continue to improve, and if we start to see a reversal in the inflation process, it must be clear whether this is just a short-lived fluctuation. In the past few weeks, this aspect has not changed much. However, inflation has been slightly above target recently, and if this continues, inflation will be too high in the long run.