Central Banks
Fed’s Goolsbee Likens Rate Pause to ‘Reconnaissance’ on Policy Impact
- Chicago Fed president says time needed to assess economic data
- ‘One good data point’ can’t be sole driver of policy, he says
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Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank needed to pause interest-rate increases to be able to better assess conflicting economic data.
“I think of it as a reconnaissance mission, pausing now to go scope it out before charging up the hill another time,” Goolsbee said Friday in an interview on National Public Radio.