Chicago Fed President Goolsbee 'a little wary' about cutting interest rates too quickly

Chicago Fed President Goolsbee 'a little wary' about cutting interest rates too quickly

The central banker indicated that pressure is coming to both sides of the Fed's so-called dual mandate of stable prices and low unemployment.

Chicago Fed President Goolsbee 'a little wary' about cutting interest rates too quickly - Los Angeles Weekly Times

Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. In a “Squawk Box” interview on CNBC, the central banker indicated that pressure is coming to both sides of the Fed’s so-called dual mandate of stable prices and low unemployment. “This uptick of inflation that we’ve been seeing, coupled with the payroll jobs numbers deteriorating, have …