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Fed’s Goolsbee on Data, US Economy Growing, But Slowing

DeFi Daily News by DeFi Daily News
August 2, 2024
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Fed’s Goolsbee on Data, US Economy Growing, But Slowing
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Federal Reserve Bank of Chicago President Austan Goolsbee said, “we’d never want to overreact to any one months’ numbers,” following the US July jobs report. Goolsbee also said economic conditions will determine the timing and size of rate reductions and added that policymakers will get a lot of data prior to the Fed’s next meeting.
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Tags: Austan Goolsbeecentral banksdataEconomyfed rate cutsFederal ReserveFederal Reserve Bank of Chicago/IlFedsGoolsbeeGrowingInflationinterest ratesMarketsMichael McKeeMonetary PolicySlowingSonali BasakU.S. Economyunemployment
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