Fed’s Goolsbee More Worried by Inflation Than Job Market

Fed’s Goolsbee More Worried by Inflation Than Job Market

Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more data before making a decision about how to vote at the central bank’s December meeting, but warned he’s more concerned about inflation than the labor market right now.

Fed’s Goolsbee cautions against front-loaded cuts, undecided with December

Chicago Fed President Austan Goolsbee said he remains uneasy about the idea of front-loading rate cuts, citing persistent inflation pressures and an uncertain growth backdrop. Speaking with Yahoo Finance, Goolsbee admitted he is “not decided” going into the December meeting, emphasizing that inflation remains “above target for four and a half years and trending the […] The post Fed’s Goolsbee cautions against front-loaded cuts, undecided with De…