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Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly

From cnbc.com

Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. In a “Squawk Box” interview on CNBC, the central banker indicated that pressure is coming to both sides of the Fed’s so-called dual mandate of stable prices and low unemployment. “This uptick of inflation that we’ve been seeing, coupled with the payroll jobs numbers deteriorating, have put the central bank in a bit of a sticky spot where you’re getting deterioration of both sides of the mandate at the same time,” Goolsbee said. “I’m a little wary about ... (full story)

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  • Category: Fundamental Analysis