Fed’s Goolsbee doesn’t support waiting until 2% inflation for rate cuts

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Fed’s Goolsbee doesn’t support waiting until 2% inflation for rate cuts


Bloomberg/Bloomberg via Getty Images

The policy-setting Federal Open Market Committee should not wait until PCE inflation is at the 2% goal for interest-rate cuts, Chicago Fed President Austan Goolsbee said on Wednesday.

“Rate cuts should be tied to confidence in being on a path

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