Central Banks
Goolsbee Says Investors Got Ahead of Fed on Rate-Cut Bets
- ‘Substantial’ inflation drop is good sign amid mixed data
- Data will drive policymaker decisions, Chicago Fed chief says
Austan Goolsbee
Photographer: Vincent Alban/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Austan Goolsbee said financial markets may have gotten ahead of policymakers in assuming an aggressive path of rate cuts this year.
“They were getting the cart before the horse,” Goolsbee said Friday in an interview on Fox News. “What’s going to drive the decisions about rates is going to be the actual data.”