Goolsbee

Federal Reserve discusses potential interest rate cuts

4 days ago

Federal Reserve Chair Charles Goolsbee has made a statement advocating for a review of the current monetary policy with the goal of possibly lowering interest rates in the future. In his remarks, he emphasized that high rates could negatively impact the economy, leading to slowed growth. Goolsbee stressed that further rate hikes could complicate matters for businesses and consumers, urging a cautious approach.

Key Fed Official Stresses Importance of Monitoring Labor Market Cooling

3 months ago

Federal Reserve Board member, Ernie Goolsbee, emphasized the critical need to monitor the cooling labor market in the context of the current economic situation. He stated that recent changes in the labor market could profoundly influence the future monetary policy of the institution.

Federal Reserve expresses concerns about employment, focusing on labor market.

4 months ago

The President of the Federal Reserve Bank of Chicago, Patrick Goolsbee, expressed growing concerns about the state of the labor market in the United States. At a conference held on August 14, he noted that recent changes in employment and wages could signal deeper economic issues. Goolsbee emphasized the need for careful monitoring of the actual state of work in the country.