Fed Won’t Overreact to One Month’s Numbers, Says Austan Goolsbee

Federal Reserve Bank of Chicago President Austan Goolsbee said it’s the central bank’s job to figure out the “through line” of the data and move in a “steady” way following the US July jobs report, adding policymakers will get a lot of data prior to the Fed’s next meeting.
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[tedstriker]

This man should be fired now! We need rate hikes! Sick of inflation biggest threat to the economy. Less than 2%. Economy is fine and inflation is up over 20% in the last three years. So sick of these corporate people and talking heads only concerned with their stocks. Inflation makes everyone poorer everyday and the fed and the government are responsible!

[authoredens]

Such eloquency. How does Austan do it?!?

[youngpower]

They didn’t miss in July. This is actually exactly what was intended. There was no point in a 25 point cut. Save it for a 100 point cut in September.

[davidthompson]

Do nothing = swapping deck chairs on the Titanic

[tobiasstoll]

historically speaking they have always been late to the party or missed it at all... just like inflation was just transitory... suddenly it became sticky...
just my 2 cents

[mgvable]

We need mores workers we need fix the supply chain fix the airports more police and most of all raise FDIC ins open more banks. What wrong these people

[marklasky]

Obama hack Goolsbee...you forgot that part