Chicago Federal Reserve Governor Is Intensifying Concerns About Employment - Controlling Inflation Is Progressing

2024/8/15 5:58 JST (some excerpts)
US Chicago Federal Reserve President Goolsby said on the 14th that concerns about the labor market are intensifying rather than inflation based on receding inflationary pressure and soft employment-related data.

In an interview with Bloomberg News, Mr. Goulsby stated that the current policy interest rate is “extremely depressed” and that this monetary stance is only appropriate when the economy is overheated. I declined to comment on the possibility and scale of interest rate cuts at the next September monetary policy meeting.