Summary
- The president of the Federal Reserve Bank of Chicago said he is not considering a 50bp rate cut.
- President Austan Goolsbee said there are no plans to lower the policy rate by 50bp at this time.
- He said the policy rate could stabilize at around 3% in the future.
The president of the Federal Reserve Bank of Chicago said he is not considering a 50bp interest rate cut.
On the 23rd (local time), according to Walter Bloomberg, Austan Goolsbee, president of the Chicago Fed, said, "We are not considering a 50bp cut in the policy rate at this time." He added, "The policy rate could stabilize around 3%."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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