Fed’s Goolsbee Says Uneasy ‘Front Loading’ Cuts Amid Inflation

Federal Reserve Bank of Chicago President Austan Goolsbee signaled that he’s still apprehensive about delivering another rate cut at the central bank’s December meeting.

Inflation “seems to have kind of stalled out and, if anything, given warnings of going the wrong way,” Goolsbee said Thursday at an event in Indianapolis. “So that makes me a little uneasy.”

A growing number of policymakers have expressed concern about lowering interest rates too much amid still-high inflation. At their meeting last month, when they delivered a second consecutive rate reduction, many officials leaned against another one in December, minutes from that gathering showed. ...