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 What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Fed’s Operating Losses Grew to Record $114.3 Billion in 2023 READ MORE Warning Signs: Recent Bank Failures and the Fragile Global Financial System READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Gold Holds Above $2,400, Eyes Third Consecutive Weekly Gain READ MORE Add a Comment Cancel replyYour email address will not be published.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