Central Banks
Goolsbee Says Fed Can Cut With More Inflation Reports Like May
- Chicago Fed chief lauds ‘very strong’ consumer price data
- Policymakers have penciled in one interest-rate cut for 2024
Chicago Fed President Austan Goolsbee
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers will be able to cut interest rates if inflation continues to cool as it did last month.
Goolsbee, speaking Thursday in an interview on Fox News, praised the recent report on May consumer prices, which showed a second straight month of decelerating inflation after a surprise pickup at the start of the year.