- I am uneasy with frontloading rate cuts
- Rates should come down with inflation
- Inflation data is still worrisome
- I’m not decided for what happens at next Fed meeting
- Threshold for cutting higher than at last two Fed meetings
- Has been more worried about inflation over jobs market
- There are still concerns about the jobs market
- Some key job market metrics have been pretty stable
- It is important to be careful when the economy is in a time of transition
- Cites problematic services inflation
- Wants to see some evidence of inflation falling
- It’s best to have rates fall along with inflation
Goolsbee is a voter this year but it sounds to me like he’s leaning towards a pause in December. Current pricing in a 68% chance of a cut.
This article was written by Adam Button at investinglive.com.
