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Federal Reserve official Goolsbee suggests that interest-rate cuts are soon necessary due to easing price pressures and concerns about a restrictive policy stance. Goolsbee emphasizes the importance of responding to economic conditions by adjusting rates accordingly.
Fed's Goolsbee (voting) Remarks: — "Interest-rate cuts are soon warranted." — "June inflation reading makes me more confident that price pressures are easing." — "Concerned that holding rates steady would contribute to an unduly restrictive policy stance." — "We have…
🚨 FED'S GOOLSBEE: INTEREST-RATE CUTS ARE SOON WARRANTED - WSJ.
*FED’S GOOLSBEE: INTEREST-RATE CUTS WILL SOON BE WARRANTED: WSJ