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.