Chicago Fed President Goolsbee: The U.S. should cut interest rates if inflation falls back to the 2% target
Odaily2024/07/02 12:21
By:Odaily
Odaily News Chicago Fed President Goolsbee said that if the U.S. inflation rate continues to fall back to the 2% target, policymakers should cut interest rates. Goolsbee said in an interview today, We are on the road to 2% inflation. If you keep interest rates unchanged when inflation is falling, you are tightening, so you should make a decision instead of continuing to sit on your hands. Before Goolsbee made the above remarks, data released last week showed that the Federal Reserves favorite inflation indicator, PCE data in May, rose only 0.1% month-on-month, the lowest level in six months. (Jinshi)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns
Cointelegraph•2024/11/16 16:55
Trump policies could take DeFi, BTC staking mainstream — RedStone co-founder
Cointelegraph•2024/11/16 16:55
'There is a global race underway for Bitcoin' — Anthony Pompliano
Cointelegraph•2024/11/16 16:55
Tether mints $1 billion USDt on Tron, pays zero fees — Arkham
Cointelegraph•2024/11/16 16:33
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$91,020.48
+1.38%
Ethereum
ETH
$3,171.95
+4.43%
Tether USDt
USDT
$1
+0.02%
Solana
SOL
$216.24
+2.28%
BNB
BNB
$627.6
+2.45%
XRP
XRP
$1.19
+33.40%
Dogecoin
DOGE
$0.3711
+1.69%
USDC
USDC
$0.9999
-0.00%
Cardano
ADA
$0.7655
+14.95%
TRON
TRX
$0.2026
+7.58%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now