Fed's Goolsbee calls for a hold on cuts as current rate of inflation is 'not good enough'

Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025.Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren't appropriate until there's more evidence that inflation is on its way down.With recent indicators showing that inflation well off its highs but still above the Fed's 2% target, Goolsbee noted that policymakers "have been burned by assuming transitory inflation" in ...