Chicago Federal Reserve (Fed) President Austan Goolsbee said in an interview with Fox Business that the labor market is steady and that “the inflation side of the Fed’s job is more important.”
Goolsbee said he is open to seeing if there’s evidence that prices are moving toward the Fed’s 2% goal and that he “won’t rule out any decision at the next rate meeting.”
Key highlights:
Labor market is steady, the inflation side of the fed’s job is more important
Plenty of room for anything on the table as far as rate hike or pause
Open to seeing if we get evidence we are heading back to 2% inflation
Won’t react strongly to one month of data
Won’t rule out any decision at the next rate meeting
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