Fed's Goolsbee Says Central Bank Will 'Fix' the Economy Chicago Federal Reserve President Austan Goolsbee stated that the central bank is prepared to address any signs of economic weakness, emphasizing the Fed’s commitment to maximizing employment, stabilizing prices, and maintaining financial stability. He noted that interest rates might currently be too restrictive but did not commit to an emergency rate cut. Goolsbee’s comments came amid market turmoil triggered by a disappointing July jobs report, which raised recession fears and led to significant stock market declines. Despite the weak job numbers, Goolsbee expressed that the economy is not yet in a recession but highlighted the need for a forward-looking approach in policymaking. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts INCREMENTUM : Preview Chartbook of the In Gold We Trust Report READ MORE Signs of Market Rotation: Small Caps Soar as Tech Leaders Lose Ground READ MORE Home Sales Hit a New Low: 2023 Ends with Weakest Performance Since 1995 READ MORE Gold Prices Rise as Market Eyes Potential Fed Rate Cuts READ MORE Powell Cautious on Rate Cuts, Sees Longer Path to Inflation Target READ MORE Add a Comment Cancel replyYour email address will not be published.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