Fed’s Goolsbee speaking again says the FOMC needs to see more employment data

August 8, 2024
-FCHFX

August 08, 2024 at 09:11PM
Federal Reserve Bank of Chicago President Austan Goolsbee:

The Fed watches the markets, but they don’t drive policy.

The question is if
the job market will hold, or keep worsening.

We need to see more
than payrolls and more than one month.

We are getting back to more normal conditions in the US economy

Policy is tight

Whatever the Fed does, someone is going to be unhappy

All the Fed can do is lay out the criteria for rates to go down, or stay the same, or go up

We’ve been clear about the reaction function,. we are not in the business of politics

This article was written by Eamonn Sheridan at www.forexlive.com.

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