Federal Reserve's Goolsbee: Further rate cuts require progress on inflation
The President of the Federal Reserve Bank of Chicago, Goolsbee, stated that a 3% inflation rate does not meet expectations, and further interest rate cuts will depend on improvements in inflation. He pointed out that low hiring rates are a warning signal and are affected by uncertainty
Chicago Federal Reserve President Goolsbee: A 3% inflation rate is not good enough and does not meet our commitments. Further rate cuts require progress on inflation. Low hiring is a warning signal, but driven by uncertainty.
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