Goolsbee Sees Lower Rates Ahead

Chicago Federal Reserve President Austan Goolsbee expresses optimism about recent consumer price index data, suggesting potential for more interest rate cuts next year. He anticipates rates to be significantly lower if inflation remains on track towards the two percent target. Goolsbee, who voted against a recent rate cut, emphasizes the need for continued progress in lowering price pressures before further easing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.