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Key Fed official sees possible 'golden path' toward lower inflation without a recession

  • Austan Goolsbee predicts a "golden path" for the economy, or a "soft landing," balancing inflation control without causing a recession.
  • Goolsbee's optimistic outlook on inflation suggests a rate cut by the Federal Reserve, with a 28% chance in March and a 58% chance in May.
  • Inflation has been falling towards the Fed's target of 2%, but there is no certainty if it will halt above or below this level.
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  • 67% of the sources are Center
67% Center

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abc News broke the news in United States on Monday, November 20, 2023.
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