FED MEMBER: I DON’T MIND SLOWING RATE CUTS, ECONOMY ON TRACK

FED MEMBER: I DON’T MIND SLOWING RATE CUTS, ECONOMY ON TRACK
FED MEMBER: I DON’T MIND SLOWING RATE CUTS, ECONOMY ON TRACK

FED MEMBER: I DON’T MIND SLOWING RATE CUTS, ECONOMY ON TRACK

Chicago Fed Governor Austan Goolsbee expressed relief that inflation is on track for 2%.

Goolsbee highlighted that uncertainty about the Fed’s policy path could impact price levels.

He noted that uncertainty could ease as interest rates approach neutral levels.

Inflation has been running strong at around 2% for several months.

Goolsbee expects interest rates to be lower in 12 to 18 months.

The labor market appears to be stabilizing at full employment.

Policy uncertainty affecting prices would also impact the Fed's decisions.