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Chicago Fed's Goolsbee says interest rates could fall 'a fair bit more,' but more inflation progress is needed
Chicago Fed president Austan Goolsbee said Friday he would like to see further progress on inflation falling to the Federal Reserve's 2% mandate before supporting another rate cut. He still has concerns about inflation, as he sees strong economic growth and a stable job market, and needs to see inflation moving back toward 2% before cutting interest rates. "If we could get some more improvement on the inflation side, I think rates can still keep going down a fair bit more, but we just need to see the progress on inflation," Goolsbee said in an interview with Yahoo Finance. "And we need to see that the job market ... (full story)