Austan Goolsbee says it isn't a 'certainty' that Fed will lower interest rates in Sept.

Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, tells "Face the Nation with Margaret Brennan," that he doesn't think it's a "certainty" that the Federal Reserve will lower interest rates in September. "We've been making clear for a while what economic conditions would be appropriate for us to cut rates, for us to hold rates where and they are and things like that."

"Face the Nation" is America's premier Sunday morning public affairs program. The broadcast is one of the longest-running news programs in the history of television, having debuted Nov. 7, 1954, on CBS. Every Sunday, "Face the Nation" moderator and CBS News senior foreign affairs correspondent Margaret Brennan welcomes leaders, newsmakers, and experts to a lively round table discussion of current events and the latest news.

[fredrahbar]

The most level headed Fed member ! Honorable Austan Goolsbee 🐝 at the end is a cautionary note !

[Elpatron]

Drill baby drill, That will cut Inflation….

[clifftanch]

On the other hand, I wonder how he decides to get out of bed in the morning.

[Singhff]

This guy would make a great politician

[kennewton]

I remember when Mr Golby had the cool cowboy hat when Obama introduced him to the police. Great memories for me.

[hoklau]

Fed should focus on getting food prices back to 2020 level instead of interest rate. People have been using their savings to augment their income to get by. That saving is gone. But food prices are still rising. Lowering interest rate does nothing to lower food price. If consumers don't get a break you will see consumer defaulting on everything. Couple that with the increasingly fragile geopolitics and the impending burst of the AI bubble and the crypto bubble, you will have a recession that makes the great recession looks like a joke.

[nicksideris]

Austan is a straight shooter and a homie!

[fernandomarquez]

Workers from the south have been profitable for the U.S. for decades, and then some, changing this would not prosper due to capitalism .

[nothimbutbetteractually]

We're specifically criticizing the reactionary nature..it's too reactionary...

[clifftanch]

This FOMC is sowing unnecessary uncertainty by running at the mouth. Just two days earlier, Goolsbee was quoted as complaining about tight credit conditions and then saying a cut would ease those tight credit conditions. Now he’s saying it’s not a certainty???

[fl]

The Feds said the goal was under 3%. Inflation We’re on the 3%. We need to keep politics out of it. He needs to cut the rates.!

[JudgeHill]

he always, always, always adopts this fake-folky tone on television which makes him seem so patronising.