Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases Federal Reserve Bank of Chicago President Austan Goolsbee suggests that the Fed should consider cutting interest rates if inflation continues to decline towards the 2% target. Speaking at an event in Portugal, Goolsbee emphasized that maintaining current rates while inflation falls effectively tightens monetary policy. He believes inflation is on track to reach the 2% goal, citing recent data showing slower price increases. This stance contrasts with the Fed’s current approach of holding rates steady at a two-decade high while awaiting more conclusive evidence of inflation control. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts $10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs READ MORE The Best Time to Buy Gold & Silver in 2024 READ MORE Golden Opportunities in a Turbulent World: Precious Metals Thrive Amidst Polycrisis READ MORE Goldman still bullish on gold, China underpinning demand outlook By Investing.com READ MORE Zimbabwe's New Gold-Backed Currency Marks Promising Start READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment