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Feds Goolsbee: Fed will return inflation to target, and can do it without a recession

Feds Goolsbee: Fed will return inflation to target, and can do it without a recession
Chicago Fed Pres. Richard Goolsbee is speaking and says:Holding to 'inevitability’ that job losses are needed to slow inflation risks a 'near-term policy error.’Some analysis shows inflation reaching target soon, 'without further policy tightening’ and only a modest slowdown in growth.Fed needs to be 'extra careful' of tying policy to historical relationships that may not hold up in the current economy.Recent data, with inflation slowing without job losses, have run against past U.S. patterns.Fe... Read More
Posted: Sep 28 2023, 13:05
Author Name: forexlive
Views: 083130

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