Fed’s Goolsbee repeats rates must fall by ‘a lot’ over next year
4/10/2024 6:20
Federal Reserve Bank of Chicago President Austan Goolsbee reiterated interest rates need to come down over the next year by “a lot.”
Goolsbee emphasized how the central bank’s narrow focus on inflation has expanded to the jobs market, adding he’d like to keep the unemployment rate — currently at 4.2% — from rising any further.
Source: Bloomberg
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