© Reuters Fed member Goolsby comments on recent inflation data
Arabictrader.com – US Federal Reserve policymaker from Chicago Austin Goolsby said on Monday that the recent inflation data showing that price growth is slowing is welcome.
In this regard, Goolsby added that the US Federal Reserve is still on the “Golden Road”, which means that inflation can be reduced without the US economy having to enter a recession, and he also noted that progress on de-inflation within the services sector was unexpected.
As for the Fed’s decision in September, Goolsby revealed that the bank’s next decision will focus on inflation and employment data that will be released by then.
Earlier, US Federal Reserve member Neil Kashkari referred to the need to completely reduce inflation to the US Federal Reserve’s target of 2%, and also praised the overall US inflation expectations, but expressed concerns that unemployment in the United States would rise slightly, excluding fears of a recession in the US economy. the United States at the present time.
2023-07-31 15:39:00
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