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Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit wires on Thursday, noting the Fed’s tricky path forward and highlighting the need to keep a close eye on the jobs market. Key highlights The question is if the job market will hold, or keep worsening. We need to see more than payrolls and more than one month. We are getting back to more normal conditions in the US economy. Policy is tight. If we’re too tight for too long, we need to watch the real economy. Whatever the Fed does, somebody is going to say they don’t like it. Source: https://www.fxstreet.com/news/feds-goolsbee-no-matter-what-fed-does-somebody-will-be-upset-202408082131

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Filed under: News - @ August 9, 2024 2:18 am