Chicago Fed's Goolsbee cautions against front-loading rate cuts - report

5 hours ago 1
Joint Economic Committee Holds Hearing On State Of U.S. Economy

Chip Somodevilla

Federal Reserve Bank of Chicago President Austan Goolsbee warned that the U.S. central bank should not rush into multiple interest-rate cuts, citing lingering inflation concerns despite a cooling jobs market, according to a Wednesday media report.

Goolsbee supported the policy-setting

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