Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
- Goolsbee points to inflation progress and a solid job market
- He says rates should move to where they’ll eventually settle
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Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
“My view is that the long arc over the last year and a half shows inflation is way down and on its way to 2%. Labor markets have cooled to something close to stable full employment,” Goolsbee outlined in talking points for a moderated Q&A event in Indianapolis on Thursday.