Breaking
Chicago Fed's Goolsbee Says He Wouldn't Oppose Rate Cuts if Inflation Clearly Falls to 2%
Minseung Kang
Summary
- Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said he would not oppose interest-rate cuts if inflation slows to the target level.
- BlockBeats reported that Goolsbee said he would have no objection to interest-rate cuts if there is clear evidence that inflation is falling to 2%.
- Goolsbee presented clear evidence of reaching 2% inflation as a condition for interest-rate cuts.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said he would not oppose interest-rate cuts if inflation clearly slows to the Fed's target.
BlockBeats reported on September 21 that Goolsbee said there would be no disagreement over cutting rates if there is clear evidence that inflation is moving down to 2%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.