$Opendoor Technologies (OPEN.US)$ Goulsby also said that eco...
Goulsby also said that economic conditions will determine the timing and scale of interest rate cuts. “When circumstances require interest rate cuts, interest rates are often not cut once.”
[Goulsby calmly responds to non-agricultural data: the Federal Reserve will not overreact] Golden Ten Data, August 3, Chicago Federal Reserve Governor Goulsby stressed that the Federal Reserve will not overreact to any economic report, and that policymakers will obtain large amounts of data before the next meeting of the Federal Reserve. Speaking after the release of the weaker-than-expected non-farm payrolls report, Goulsby said that the Federal Reserve's job is to figure out the “continuity” of the data and act in a “stable” manner. However, he pointed out that if restrictive interest rates are maintained for too long, policymakers must consider employment-related tasks. “If the unemployment rate rises above the neutral interest rate, this is another aspect of the risk that the Federal Reserve must consider and deal with by law.” Goulsby also said that economic conditions will determine the timing and scale of interest rate cuts. “When circumstances require interest rate cuts, interest rates are often not cut once.”
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