Dec 3 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee on Tuesday Reiterated His View That With Inflation Heading Down, the Central Bank Will Need to Cut Interest Rates Further Over the Next 12 Months or Risk Hurting the Labor Market, but He, Like Many of His Fellow U.S. Rate-Setters, Offered Little Guidance on the Exact Timing or Pace of Coming Rate Cuts.
"Over the Next Year It Feels to Me Like Rates Come Down a Fair Amount From Where They Are Now, but We Meet Every Six Weeks Because the Conditions Change," Goolsbee Said at Crain's Power Lunch in Chicago.
Financial Markets Are Pricing About a 75% Chance of a Quarter-Point Interest Rate Cut at the Fed's Dec. 17-18 Meeting.
(Reporting by Ann Saphir
Editing by Chris Reese)
((Ann.saphir@Thomsonreuters.com; 312-593-8342; Www.x.com/Annsaphir; Reuters Messaging: Ann.saphir.thomsonreuters.com@Reuters.net))
