Fed’s Goolsbee Says He’s Watching Tighter Credit Economy Impact
- Chicago Fed leader says his message is to be prudent, patient
- Intensity of slowdown depends on financial effects, he says
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Federal Reserve Bank of Chicago President Austan Goolsbee said he was still waiting to see if the fallout from the recent failure of two US banks could cause the economy to slow more than expected.
“How much squeezing is going to be coming from the bank side I think is going to matter for whether this economy is going to slow down,” Goolsbee said Wednesday in an interview on NPR’s Marketplace. “Everybody is forecasting some growth slowdown for the second half of the year. How intense that will be is going to depend a lot on the financial part.”