Fed’s Goolsbee Says Inflation Improving, Hopeful of Soft Landing
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic the central bank can tame price growth without sparking an economic downturn.
Chicago Fed chief says inflation improving, hopeful of soft landing
Austan Goolsbee said that rates are still above the so-called neutral rate of interest — where policy neither weighs on nor stimulates the economy.
Cooling inflation revives hopes for Fed rate cuts
Benign inflation data has revived the case for additional Federal Reserve interest-rate cuts. On Wednesday, the 10-year Treasury yield fell 14 basis points to 4.65%, its biggest daily decline since August. The drop in yields occurred as traders resumed betting on another Fed rate cut by July.
Goolsbee 'Pretty Confident' Fed Will Get Inflation to 2%
Federal Reserve Bank of Chicago President Austan Goolsbee says he's optimistic about taming inflation during remarks at a Wisconsin Bankers Association virtual event.
Chicago Fed's Goolsbee continues to see inflation progressing toward goal
"I still see continued progress" in inflation, Chicago Fed President Austan Goolsbee said on Wednesday at a Wisconsin Bankers Association event. "The trend continues to be improvement in inflation." Today's CPI number is "somewhat encouraging and partly discouraging,
Fed's Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, ...
Why a Dovish Fed Official Could Be Patient on More Cuts
Chicago Fed President Austan Goolsbee says he is more comfortable that the labor market is stabilizing.
Fed's Goolsbee: More comfortable that the labor market is stabilizing
Chicago Federal Reserve Bank President Austan Goolsbee said on Thursday that he feels more comfortable with the labor market ...
Why Wall Street stayed mute on Thursday after its best day since November
Wall Street pauses Thursday, with stocks little moved in early trade. Strong bank earnings keep rolling in and Senate ...
Fed Officials Say They're Confident Inflation Will Fall To 2% ... Eventually
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
Fed's Goolsbee: CPI is encouraging and discouraging in equal measure
The CPI report is somewhat encouraging, and somewhat discouraging, in equal measure. I am wary of the seasonal pattern of ...
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Fed's Goolsbee says policy uncertainty led to his shift on rate-cut path
Dec 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U ...
Futures rise after strong bank earnings; key inflation data awaited
(Reuters) -Strong quarterly results from Wall Street's biggest banks pushed U.S. stock index futures higher on Wednesday as ...