Federal Reserve Goolsbee: Economic conditions will determine the extent of interest rate cuts

Mr. Goolsbee said policy was "very restrictive" and that the economy was not overheating; that a rise in unemployment could indicate a worsening job market; that if the job market was weak, more attention would be paid to the employment sector; that there was somewhat more focus on employment as a policy objective; and that economic conditions would dictate how much interest rates would be cut.