Central Banks
Fed’s Goolsbee Says He Wants to See More Inflation Progress
- Chicago Fed chief stopped short of ruling out March cut
- Goolsbee says policymakers should base rate decision on data
Austan Goolsbee
Photographer: Vincent Alban/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more evidence the Fed is on track toward its 2% inflation goal before cutting interest rates, though he stopped short of ruling out a reduction in March.
“I don’t like tying our hands ahead of time when we’ve got weeks and months of data to come in,” Goolsbee said Friday in an interview on PBS, when asked whether he thinks a rate cut at the Fed’s March 19-20 meeting is premature.