Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
- Chicago Fed chief cites low jobless rate, improving inflation
- Goolsbee: Debate will soon shift to how long to hold rates
Austan Goolsbee
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the US to avoid a recession even as the US central bank raises interest rates to cool inflation.
“I’ve been calling that the golden path and I think it’s possible, but there are a lot of risks and the path is long and winding,” Goolsbee said Monday in an interview with CNBC.