Goolsbee: Fed needs to determine how long it will remain restrictive

Fed Bowman Its not yet time for a rate cut

(Finance) – “You have to lend be careful how long you want to be this restrictive“, because “if you stay there too long, the unemployment rate will start to go up,” he said Austan Goolsbeepresident of the Federal Reserve Bank of Chicago, in an interview with WBEZ.
Goolsbee pointed out that in 2023 the economy was on a golden path, which the economy remains strong and the employment data confirm this, and that the economy is now finding a better balance.

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