Fed’s Goolsbee pushes back on front-loaded rate cuts

Chicago Fed President Austan Goolsbee said the Fed should avoid moving too quickly on rate cuts, even as inflation has moderated from its highs. He warned that policymakers learned hard lessons from previously labeling inflation as “transitory” and must not underestimate persistence again. While acknowledging progress, Goolsbee argued that cutting rates prematurely could jeopardize gains […]

The post Fed’s Goolsbee pushes back on front-loaded rate cuts appeared first on ActionForex.