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 SNAP Benefits Shows 1 in 8 Americans are on Food Stamps READ MORE US-Led Rising Debt Across G-7 Stokes S&P and Scope Concerns READ MORE Core Inflation Meets Expectations, Posing Questions for Fed's Next Move READ MORE Silver Price Seasonality Charts: Essential Insights for Investors READ MORE Biden Administration Blames GOP for Blocking Inflation-Fighting Measures READ MORE Add a Comment Cancel replyYour email address will not be published.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