Goolsbee from the Fed cautions about how a shutdown might affect economic data announcements
Impact of Government Shutdowns on Economic Data On Tuesday, Austan Ghoolsby, President of the Federal Reserve Bank of Chicago, indicated that if the anticipated economic data is not released due to potential government shutdowns, the central bank would explore alternative data sources during its meeting in October. A shutdown is set to take place at […]
Goolsbee from the Fed describes tariffs as conducive to stagflation
Tariffs and Economic Outlook: Insights from the Federal Reserve On Friday, Austan Goolsbee, President of the Chicago Federal Reserve, referred to former President Trump’s extensive tariffs as “morale” issues, sharing his views on the challenges they pose for central bankers. He urged the Federal Reserve to hold off on cutting interest rates. “I think tariffs […]
Goolsbee says he hopes Fed maintains its monetary independence, citing credibility
Austan Ghoolsby, president and CEO of the Federal Reserve Bank of Chicago, said he hopes the Federal Reserve maintains financial independence and cites the agency’s credibility amid the attacks from President Trump. Ghoolsby joined CBS News’ Face the Nation on Sunday, squeezing Trump’s pressure on Federal Reserve Chairman Jerome Powell as the president rolls out […]
Fed’s Goolsbee says neutral rate is ‘well below’ where it is today
Chicago Fed President Austan Goolsby spoke candidly about the impact of the Federal Reserve's actions on the Craman Countdown. Chicago Fed President Austan Goolsby He said on Monday that the Fed's rate-cutting campaign still has a ways to go before it reaches “neutral” rates, and that the central bank will need to continue cutting rates […]
Goolsbee says lowering interest rates next fall is not a 'certainty'
Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, said a rate cut this fall is not “a certainty.” “I don’t think it’s a certainty, and, you know, I don’t like having my hands tied in advance when there’s a ton of data and the entire committee has had a chance to […]
Fed will ‘fix’ the US economy if it deteriorates, Goolsbee says
Jeff Sica of Circle Squared Alternative Investments weighed in on the market sell-off, arguing that the problem lies in the credit markets. Chicago Fed President Austen Goolsbee said Monday that central bank policymakers will respond to the weakness in the economy. U.S. Economy Fears of a recession resurfaced, leading to widespread selling across the market. […]