Federal Reserve official Goolsbee: It is fine to slow down the pace of interest rate cuts as the Federal Reserve approaches a neutral interest rate

Wallstreetcn
2025.01.31 15:16

Chicago Federal Reserve President Goolsbee (with FOMC voting rights in 2025): The inflation data is better than expected.

There has been sustained progress in lowering housing inflation.

As the Federal Reserve approaches a neutral interest rate, it is fine to slow down the pace of interest rate cuts.

The base effect of the recent round of interest rate cuts by the FOMC is expected to continue to suppress inflation in 2025.

Policy uncertainty from President Trump will send ambiguous signals to the Federal Reserve. (CNBC)

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