Fed's Goolsbee says getting inflation back to 2% will take timeFederal Reserve Bank of Chicago President Austan Goolsbee spoke with UK media, BBC radio:
- getting inflation back to 2% will take time
- still much data to be had on the economy before cutting rates
- warns against prolonged high interest rates
- expressed concern about the pace at which the labour market was slowing
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Fed's Goolsbee says getting inflation back to 2% will take time (https://www.forexlive.com/centralbank/feds-goolsbee-says-getting-inflation-back-to-2-will-take-time-20240703/)
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