Central Banks
Fed’s Goolsbee Says More Good Data Needed Before Starting Cuts
- Chicago Fed president did not explicitly rule out March cut
- Need to get more inflation data like we’ve gotten, he says
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Federal Reserve Bank of Chicago President Austan Goolsbee reiterated that he’d like to see more of the favorable inflation data published in the past several months but did not explicitly rule out the potential for an interest-rate cut in March.
“We’ve had seven months of really quite good inflation reports, right around or even below the Fed’s target,” Goolsbee said Monday in an interview on Bloomberg Television with Michael McKee. “So if we just keep getting more data like what we have gotten, I believe that we should well be on the path to normalization.”