Chicago Fed President Sees Promising Progress on Inflation. Here’s What He’s Concerned About.
Chicago Federal Reserve President Austan Goolsbee, however, pointed out several uncertainties and risks loom on the horizon.
Chicago Fed chief says inflation improving, hopeful of soft landing
Austan Goolsbee said that rates are still above the so-called neutral rate of interest — where policy neither weighs on nor stimulates the economy.
Cooling inflation revives hopes for Fed rate cuts
Benign inflation data has revived the case for additional Federal Reserve interest-rate cuts. On Wednesday, the 10-year Treasury yield fell 14 basis points to 4.65%, its biggest daily decline since August. The drop in yields occurred as traders resumed betting on another Fed rate cut by July.
Fed's Goolsbee: Rates should go down if conditions are stable and there is no uptick in inflation
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said if conditions are stable and there is no uptick in inflation, with full employment, rates should go down, per Reuters. "Will never complain about 250,000 jobs."
Chicago Fed's Goolsbee continues to see inflation progressing toward goal
"I still see continued progress" in inflation, Chicago Fed President Austan Goolsbee said on Wednesday at a Wisconsin Bankers Association event. "The trend continues to be improvement in inflation." Today's CPI number is "somewhat encouraging and partly discouraging,
Goolsbee 'Pretty Confident' Fed Will Get Inflation to 2%
Federal Reserve Bank of Chicago President Austan Goolsbee says he's optimistic about taming inflation during remarks at a Wisconsin Bankers Association virtual event.
Why a Dovish Fed Official Could Be Patient on More Cuts
Chicago Fed President Austan Goolsbee says he is more comfortable that the labor market is stabilizing.
Fed’s Goolsbee Says Inflation Improving, Hopeful of Soft Landing
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
Fed's Goolsbee: CPI is encouraging and discouraging in equal measure
The CPI report is somewhat encouraging, and somewhat discouraging, in equal measure. I am wary of the seasonal pattern of ...
Fed Officials Say They're Confident Inflation Will Fall To 2% ... Eventually
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
CNBC Daily Open: Good news need not always be bad news for markets
U.S. markets fell on the release of December’s blockbuster jobs report. But in times of lower inflation, more jobs can be ...
Futures rise after strong bank earnings; key inflation data awaited
(Reuters) -Strong quarterly results from Wall Street's biggest banks pushed U.S. stock index futures higher on Wednesday as ...
Fed’s Goolsbee Says Jobs Data Shows Labor Market Stabilizing
Federal Reserve Bank of Chicago President Austan Goolsbee said the latest jobs report suggests the labor market is ...