Goolsbee Says Could Be Less Willing to Support Further Cuts: FT

Chicago Fed president Austan Goolsbee says he could be less willing to support further cuts to US borrowing costs at future policy votes, the Financial Times reports, citing an interview.

• “I’m uncomfortable with overly frontloading a lot of rate cuts on the presumption that [inflation] will probably just be transitory and go away,” Goolsbee says
  • Inflation has been above the Fed’s target and was “now heading the wrong way,” he says
• New labor data only showed a “mild” cooling, he says
  • “We’ve still got a mostly steady and solid jobs market,” Goolsbee says
• Goolsbee says he supported last week’s ...