goolsbee

The Federal Reserve has found a golden path to reduce inflation without resorting to recession, according to Chicago Fed President Austan Goolsbee. While speaking on CNBC, the Fed official emphasized that the latest data from June’s nonfarm payrolls support this optimism. Lowering Inflation...

Recent statements from Fed members have been more hawkish than expected, dampening the market's enthusiasm for a rate-cutting cycle to begin later this year. On Tuesday, Federal Reserve Bank of Cleveland President Loretta J. Mester said that a rate hold in June should not be taken for...