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Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that the Fed's interest rate-cutting campaign has a ways to go before reaching a "neutral" rate and that the central bank ...
Chicago Fed president Austan Goolsbee says one month of strong jobs and inflation data won't keep the Fed from cutting rates again. Chicago Fed president sees rates falling at 'gradual pace ...
Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling inflation has not changed despite hotter ...
In a Fortune exclusive, Chicago Fed president Austan Goolsbee discusses working with Jerome Powell, base rate cuts, and Fed independence.
Goolsbee, a Fed regional bank voting member this year, is encouraged by the latest data on inflation. The Fed’s preferred Personal Consumption Expenditures (PCE) Index clocked in at 4.1% in June ...
Chicago Fed President Austan Goolsbee said a hotter-than-expected reading on consumer prices doesn't mean the central bank won't be able to cut interest rates in 2024.
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
The Fed has raised rates 11 times since March 2022 in the most aggressive rate-hiking campaign since the 1980s. While inflation has dropped, it remains around 4% — double the Fed’s inflation ...