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: Monthly Gold Compass July 2024 READ MORE Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major Breakout READ MORE Fed's Rate Cuts Ahead: What It Means for the Economy READ MORE Ray Dalio Advocates for Gold in the Face of Looming Debt and Inflation Threats READ MORE Add a Comment Cancel replyYour email address will not be published.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