Chicago Federal Reserve Governor Says FRB Risks “Golden Path” - Interest Rate Cuts Must Be Cut
2024/7/19 1:22 JST (some excerpts)
Monetary policy has “tightened quite a bit” - Governor Goolsby
President Goolsby did not say when interest rate cuts should begin
President Goolsby of the US Chicago Federal Reserve suggested the idea that in order to avoid a more rapid deterioration in the labor market, it seems necessary for the financial authorities to move to cut interest rates soon. The labor market has been seeing a softening in recent months.
Monetary policy has “tightened quite a bit” - Governor Goolsby
President Goolsby did not say when interest rate cuts should begin
President Goolsby of the US Chicago Federal Reserve suggested the idea that in order to avoid a more rapid deterioration in the labor market, it seems necessary for the financial authorities to move to cut interest rates soon. The labor market has been seeing a softening in recent months.
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