News list for " Chugulsby"
Mr. Goolsbee said the latest inflation data were good. If it was clear that inflation was receding, interest rates could be cut, and more lasting progress would need to be seen in cooling inflation. As long as it was clear that inflation was returning to its 2 per cent target, there was considerable room for rates to fall.
The Federal Reserve said on Friday that central banks should not take into account the cost of government funding when setting interest rate policy, citing this as a key reason why the central bank's independence is crucial. "It pains me that people should have the audacity to say... why do a bunch of people outside the government, outside the executive branch, decide interest rates? They shouldn't be independent," Mr. Goolsby said at the Chicago Fed's economic seminar. "There is even a suggesti...
Mr. Goolsby, the Federal Reserve, said on Thursday that the lack of official inflation data during the government shutdown "underscored" his caution about further rate cuts. "My preference is that when it's still a fog, we should..." he said in an interview.
Mr. Goolsbee, the Fed official, said he thought interest rates would eventually stabilise at levels significantly lower than they are now. The threshold for a rate cut in December is higher than in October. He is more worried about inflation than the job market.
GOOLSBY: The Chicago Fed estimates that the unemployment rate should have been 4.3% in September.
Federal Reserve Goolsby: We need to be careful not to cut interest rates too early.
Federal Reserve Goolsbee: The economic fundamentals are quite strong, and there is ample room for interest rate cuts, but caution is required. (Golden Ten)
The Federal Reserve said it does not want to cut interest rates early based on the expectation that current inflation is temporary.
Federal Reserve Goolsby: The employment report and CPI are crucial information for the Federal Reserve. The lack of data from the Bureau of Labor Statistics due to the government shutdown will have an impact on the Federal Reserve.
Federal Reserve Goolsby: The labor market remains rather stable.
