Fed's Goolsbee speaking again, says the FOMC needs to see more employment dataFederal Reserve Bank of Chicago President Austan Goolsbee:
The Fed watches the markets, but they don't drive policy.- The question is if
the job market will hold, or keep worsening. - We need to see more
than payrolls and more than one month. - We are getting back to more normal conditions in the US economy
- Policy is tight
- Whatever the Fed does, someone is going to be unhappy
- All the Fed can do is lay out the criteria for rates to go down, or stay the same, or go up
- We've been clear about the reaction function,. we are not in the business of politics
Goolsbee spoke earlier this week:
Nothing market moving in his comments here.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Fed's Goolsbee speaking again, says the FOMC needs to see more employment data (https://www.forexlive.com/centralbank/feds-goolsbee-speaking-again-says-the-fomc-needs-to-see-more-employment-data-20240808/)
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