Goolsbee Dissents: Fed's Rate Cut Delayed

Chicago Federal Reserve President Austan Goolsbee dissented from the Feds recent interest rate cut, advocating for more inflation data before making another reduction. He believes waiting until the new year would have provided updated economic information and potentially allowed for a more significant rate decrease. Goolsbee expressed concern about stalled inflation progress and the risk of persistent price increases due to tariffs. He also noted a moderately cooling job market, attributing it to ongoing business uncertainty rather than a major economic slowdown.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.