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Federal Reserve officials are cautious about the prospect of a rate cut. Goolsby said tariffs could affect inflation and supply chains, and Barkin pointed to the complex impact of tariffs on inflation and demand. Click to view...
Federal Reserve Goolsby said the state of the U.S. economy will determine the pace at which the central bank will cut interest rates going forward, but added that he hoped the central bank would be able to find a point to stop cutting rates by the end of next year. "I hope the situation continues to evolve so that we can get closer to the neutral policy range," Goolsby said. While he did not specify his estimate for the neutral rate, he said it was around 3 percent (well below the current rate o...
On October 4th, the Federal Reserve Goolsbee said that the vast majority of Federal Reserve policymakers believe that interest rates will fall significantly over the next year to the next 18 months. There are some signs that inflation may be below target. With current interest rates remaining so restrictive, caution must be exercised. A wide range of data points to a cooling labor market. If productivity growth continues, this means higher economic growth and the neutral interest rate will also ...
Mr. Goolsbee said more rate cuts were likely to be needed in the coming year, rates would need to fall significantly and a soft landing would have to keep pace. Satisfaction with the Fed's 50 basis point rate cut showed it was focused on jobs risks, not just inflation.
The Federal Reserve's Goolsbee said some leading recession indicators are sending warning signs.
The Federal Reserve Goolsbee said that the Federal Reserve is concerned about the market, but the market is not driving the FOMC's monetary policy; there are doubts about whether the job market will continue to deteriorate; we need to see more than just non-farm payrolls data, not just one month's data; now we are returning to a more normal state; if it is too tight for too long, we need to pay attention to the real economy.
On August 3, Chicago Federal Reserve President Goolsbee stressed that the Federal Reserve will not overreact to any economic report and that policymakers will have a lot of data before the Fed's next meeting. Speaking after the release of the weaker-than-expected non-farm payrolls report, Goolsbee said that the Fed's job is to figure out the "continuity" of the data and act in a "stable" manner. However, he pointed out that if the restrictive rate remains in place for too long, policymakers must...
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