Chicago Fed President expects interest rates to "decline significantly" next year as inflation slows down.

November 22, 2024 6:15 JST (excerpt)
"The labor market has settled into a state close to stable full employment."
It is necessary to determine the level of neutral interest rates, but it is "much lower than current levels".
On the 21st, President Goolsbee of the Chicago Federal Reserve suggested that interest rates are likely to "fall significantly". He also expressed confidence in the strength of the labor market and the slowdown of inflation towards the target of the US monetary authorities.
At a question-and-answer event held in Indianapolis, the President stated, "In my opinion, the long-term trend over the past year and a half indicates that inflation is declining towards 2%. The labor market has stabilized close to full employment."