Federal Reserve Goolsby: Still shouldn't focus too much on individual jobs reports.
Federal Reserve Goolsby: A gradual pace of rate cuts seems appropriate.
Chicago Fed President Goolsbee said the pace of interest rate cuts could slow in 2025. He hopes the Federal Reserve can reduce interest rates to near neutral range by the end of 2025.
GOOLSBY, Federal Reserve: The Federal Reserve forecasts show that the vast majority believe that economic conditions will continue to improve over the next 12 to 18 months, with interest rates gradually falling sharply.
Federal Reserve Goolsby: More interest rate cuts may be required in the coming year, and interest rates need to be significantly reduced.
Federal Reserve Goolsby: (When asked about deeper rate cuts) Pay attention to the dot plot, which doesn't show inflation falling so fast or unemployment rising so high.
Federal Reserve Goolsby: I'm concerned that if we maintain this level of tightening, the likelihood of a recession could increase.
Federal Reserve Goolsbee: There are good reasons to believe that the Federal Reserve's forecast of interest rate cuts will come true.
Federal Reserve Goolsby: The magnitude of the Federal Reserve's interest rate cut is not the most important thing, the future path is the key.
Federal Reserve Goolsby: I think our policy is restrictive.
Federal Reserve Goolsbee: Given the rise in inflation, we must wait and see what happens to policy.