-
Goolsbee Sees Signs Fed Can Avoid Sparking a Recession With Rate Hikes
The Federal Reserve sees signs that it can avoid triggering a recession in the US even as it has raised interest rates aggressively to put the brakes on inflation, Chicago Fed President Austan Goolsbee said. “You don’t want to land the plane nose down. So we’re trying to balance off — can we slow the inflation without sending it into a recession,” he said of the US economy in an interview Friday on PBS NewsHour. “We’ve had some promising indicators on that on that front, but it’s always a possibility.” Policymakers raised rates by a quarter percentage point at a meeting earlier this month, bringing ... (full story)