Fed Official Goolsbee Says Several Rate Cuts Are Possible This Year If Inflation Hits Target
Chicago Fed President Austan Goolsbee says multiple rate cuts are possible this year if inflation hits its target. Officials await more data on service prices.
Federal Reserve Bank of Chicago President Austan Goolsbee stated on Tuesday that the U.S. Federal Reserve, the U.S. central bank, could approve several more interest rate cuts this year if inflation resumes a decline to the Fed's 2% target. Speaking in the US 
US, Goolsbee emphasized that the prospect of further easing remains directly linked to incoming inflation data and the ongoing assessment of services inflation and the strength of the U.S. labor market.
US, Goolsbee emphasized that the prospect of further easing remains directly linked to incoming inflation data and the ongoing assessment of services inflation and the strength of the U.S. labor market.
