Yonhap Infomax NewsChicago Fed President Austan Goolsbee cautioned against premature interest rate cuts, emphasizing the need for clear signs of stable full employment and a return to 2% inflation before easing policy, while warning of risks from persistent inflation and a slowing labor market.
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Chicago Fed President Says 'Too Many Preemptive Rate Moves Are Somewhat Unsettling'
Chicago Fed President Austan Goolsbee cautioned against premature interest rate cuts, emphasizing the need for clear signs of stable full employment and a return to 2% inflation before easing policy, while warning of risks from persistent inflation and a slowing labor market.