CandleFocus Austan Goolsbee, Senior Fed Official, Makes Hot Statement on Inflation and Interest Rates in the US
2024-10-03
Author: Content Editor
In a series of speeches, Chicago Fed President Austan Goolsbee addressed various economic issues such as the dockworkers' strike, inflation, interest rates, and consumer confidence. Goolsbee warned that while the strike may initially cause minor inconvenience, it could eventually disrupt supply chains and raise commodity prices. He expressed optimism about inflation figures, stating that they were in line with the Fed's goal, and noted that the labor market was at full employment, indicating success in curbing rising prices. Goolsbee downplayed the importance of the exact size of future interest rate cuts, emphasizing the focus on gradual moves towards a neutral rate. He also mentioned that the consumer confidence index was influenced by partisanship.
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