Federal Reserve Bank of Chicago President Austan Goolsbee told CNBC in an interview on Friday that if there is progress on inflation, the United States central bank will lower its interest rates in 12 to 18 months."The Fed needs to be a steady hand and take the long view on the economy. Markets want...
Federal Reserve Bank of Chicago President Austan Goolsbee told NPR in an interview posted on Saturday that there is still a "substantial amount of work" to be done to lower inflation to the 2% target. "We have not yet succeeded in doing that," he commented.Meanwhile, talking about the Fed's...
Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that the upcoming Personal Consumption Expenditures (PCE) price index may not reflect the same level of cooling seen in the recent Consumer Price Index (CPI) report. Speaking at the event Navigating the Year Ahead: A...
Federal Reserve Bank of Chicago President Austan Goolsbee estimated on Thursday that United States President Donald Trump's tariff policy contributed to the overall uncertainty regarding the country's economy and, therefore, regarding the central bank's future decisions on its interest...
Federal Reserve Bank of Chicago President Austan Goolsbee said on Wednesday that it would be a mistake to ignore the consequences of tariffs on several countries announced by President Donald Trump and possible countermeasures.Speaking at the 31st Annual Automotive Insights Symposium...
Chicago Federal Reserve President Austan Goolsbee said the US central bank must be cautious when cutting interest rates due to economic uncertainties.
Speaking in a radio interview, he noted concerns that inflation could rise again despite strong consumer spending and growth. Goolsbee...
United States Federal Reserve Bank of Chicago President Austan Goolsbee shared on Friday that he is not against slowing down the race cuts momentum.In an interview with CNBC, the banker said that the Fed may opt to "feel [the central bank's] way toward neutral rates," and stated that...
United States Federal Reserve Bank of Chicago President Austan Goolsbee said on Wednesday that he sees continued progress in disinflation and is optimistic about a "soft landing" in 2025.While talking at the Wisconsin Bankers Association 2025 Midwest Economic Forecast Forum, Goolsbee...
United States Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that inflation and unemployment rates will dictate the central bank's monetary policy in the future, which he predicted will loosen by a "judicious amount" in 2025.Speaking to CNBC, Goolsbee insisted that inflation...
Federal Reserve Bank of Chicago President Austan Goolsbee offered Friday his perspective on cryptocurrency, addressing its limited macroeconomic impact and "speculative nature."While Goolsbee acknowledged the recent rise of crypto-based assets, he stressed that they have not significantly...
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