Central Banks
Goolsbee Says It’s Critical Fed Keeps Eye on Cooling Job Market
- Policy is as tight now as it’s been this whole cycle, he says
- Chicago Fed chief says bank must look at totality of jobs data
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Federal Reserve Bank of Chicago President Austan Goolsbee said it’s time to pay more attention to the employment side of the central bank’s dual mandate now that inflation is cooling toward the 2% target.
“We want to be careful, as Chair Powell said, about the employment side of the mandate, too,” Goolsbee said Friday in an interview on CNBC. “We’re not just fighting inflation now, inflation’s on a path to 2%.”