Austan Goolsbee
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cnbc.comChicago Fed President Warns Against Lowering Interest Rates Due to Productivity Gains
Chicago Fed President Austan Goolsbee said policymakers should avoid reflexively cutting interest rates in response to faster productivity growth. He noted that such growth can sometimes lead to higher inflation rather than solely supporting lower rates. The comments come as offi…
cnbc.comChicago Fed's Goolsbee Speaks on Latest Inflation Data and Monetary Policy
Chicago Federal Reserve President Austan Goolsbee described last week's inflation figures as bad news, urging caution on rate cuts until inflation recedes toward 2%. The Federal Reserve's recent 8-4 vote to hold rates was its most divided since 1992. Goolsbee noted rising inflati…
insidermonkey.comChicago Fed President Goolsbee Warns on Stagflation Risk from Rising Oil Prices
Chicago Federal Reserve Bank President Austan Goolsbee stated that a stagflationary recession triggered by rising oil prices would represent the worst economic outcome. He highlighted the potential for high inflation combined with stagnant growth. The comments address broader con…
Substrate placeholder — needs reviewFederal Reserve's Austan Goolsbee Warns of Supply Chain Impacts from $5 per Gallon Gasoline
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, stated that gasoline prices reaching $5 per gallon could disrupt supply chains. He highlighted potential effects on economic activity amid ongoing inflation concerns. The warning comes as energy prices remain a ke…
Substrate placeholder — needs reviewFederal Reserve's Goolsbee Defends Independence Amid Political Pressures
Chicago Federal Reserve Bank President Austan Goolsbee stated that the Federal Reserve Act does not mandate prioritizing stock market performance or presidential satisfaction. He warned that efforts to undermine Fed independence would be a bad idea, potentially causing inflation…