Fed's Goolsbee Urges Patience on Rate Cuts as Inflation Cools Toward 2%
Updated
Updated · Bloomberg · Aug 16
Fed's Goolsbee Urges Patience on Rate Cuts as Inflation Cools Toward 2%
3 articles · Updated · Bloomberg · Aug 16
Summary
Austan Goolsbee said recent summer CPI readings are encouraging, but the Fed still needs several more months of similar data before cutting interest rates.
The Chicago Fed president said inflation appears to be easing as earlier price shocks — including tariffs and higher oil costs — work their way through the economy.
His comments keep the focus on whether cooling inflation is durable enough to return to the Fed’s 2% target, rather than on immediate policy easing.