Chicago Fed President Goolsby said data showing slowing inflation was “great news” but said he had not decided whether to support a moratorium on rate hikes at the next meeting of the Federal Open Market Committee (FOMC).
In an interview with Yahoo Finance on Wednesday, he said, “I haven’t decided yet what to do in September.” He expressed the view that it is certainly possible at this point to follow the “golden path” that will bring the rate down to .
Goolsby, who has voting rights at this year’s FOMC meeting, said the Fed must be resourceful about whether the policy rate is sufficiently suppressive, adding: data can be obtained,” he said. “But we seem to be on pretty good lines,” he said.
Chicago Fed’s on track to contain inflation without triggering recession
news-rsf-original-reference paywall">Original title:Fed’s Goolsbee Says Next Rate Move Open Even as Inflation Eases(excerpt)
2023-07-31 14:48:01
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