financetom
Economy
financetom
/
Economy
/
Fed's Goolsbee says he's undecided on Sept rate cut, defends Fed independence
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Goolsbee says he's undecided on Sept rate cut, defends Fed independence
Sep 5, 2025 11:49 AM

(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee, speaking Friday after data showed further job-market weakening, said he is still undecided whether September is the right timing for an interest rate cut, while also defending the need to keep the U.S. central bank insulated from short-term political pressure. 

In an interview on Bloomberg TV, Goolsbee said he is "totally opposed" to any move to take away the Fed's independence. Goolsbee, however, said he does not think that's what is being attempted and said he expects that any nominee to the central bank will do their job "seriously."

President Donald Trump's nominee for the Fed, Stephen Miran, said Thursday he would take an unpaid leave from the White House while he serves at the Fed through January, a move that Democrats said shows Miran would not be independent.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US consumer sentiment improves in June
US consumer sentiment improves in June
Jun 12, 2026
WASHINGTON, June 12 (Reuters) - U.S. consumer sentiment improved in early June as easing gasoline prices offered households some relief, though concerns about inflation lingered, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to 48.9 this month from a record low of 44.8 in May. Economists polled by Reuters had...
UN labour organisation sets first international employment standards for gig workers
UN labour organisation sets first international employment standards for gig workers
Jun 12, 2026
GENEVA, June 12 (Reuters) - The International Labour Organization on Friday agreed to adopt the first binding employment standards for gig workers in services such as ride-hailing, food delivery and e-commerce, potentially giving them rights on pay, safety and social benefits. Central to the agreement is ensuring that platforms can no longer classify workers as independent contractors and sidestep minimum...
U.S. equity funds record first weekly outflow in three weeks
U.S. equity funds record first weekly outflow in three weeks
Jun 12, 2026
June 12 (Reuters) - Investors pulled money out of U.S. equity funds in the week to June 10 on caution over a market selloff and expectatons that the Federal Reserve would stay hawkish for longer, but still raised their exposure to the technology sector. According to LSEG Lipper data, investors withdrew a net $12.57 billion out of U.S. equity funds...
Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending June 27
Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending June 27
Jun 12, 2026
02:08 PM EDT, 06/12/2026 (MT Newswires) -- Cargo traffic at the Port of Los Angeles is expected to rise in the week ending June 27, according to data from ship-tracking system Port Optimizer. A total of 142,134 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume...
Copyright 2023-2026 - www.financetom.com All Rights Reserved