Fed's Goolsbee Sees Rates Falling a 'Fair Bit' on Stable Data

Core Viewpoint - The President of the Federal Reserve Bank of Chicago, Austan Goolsbee, indicated that interest rates could decrease significantly if inflation aligns with the central bank's target and the labor market remains stable [1] Economic Environment - Goolsbee described the current US economy as being in a "weird environment" characterized by a cooling job market alongside rising inflation [1]