financetom
Economy
financetom
/
Economy
/
Fed's Goolsbee says inflation could still fall without rising unemployment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Goolsbee says inflation could still fall without rising unemployment
May 30, 2024 11:34 AM

WASHINGTON (Reuters) - U.S. Federal Reserve officials are "trying to wrap their head around" whether further improvement in inflation will require higher unemployment, with less help coming from improved supply chains and other forces that can lower price pressures on their own, Chicago Fed President Austan Goolsbee said on Thursday.

"What everybody is trying to wrap their head around now ... is are we back to the traditional tradeoff between employment and inflation?," Goolsbee said on CNN International.

"I still think there is some benefit that is coming down the pike ... but that is the central question as we think about the macroeconomy."

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 borrowers to get quick relief as Fed cuts rates, analysts say
US borrowers to get quick relief as Fed cuts rates, analysts say
Sep 19, 2024
NEW YORK (Reuters) - U.S. consumers are expected to get a quick reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years, analysts said. Lenders tightened lending standards last year as the commercial real estate market deteriorated and investors became broadly concerned about the potential for...
Bitcoin Spikes Above $61,000 as Fed Implements 50 Bps Rate Cut
Bitcoin Spikes Above $61,000 as Fed Implements 50 Bps Rate Cut
Sep 19, 2024
In a significant market move, Bitcoin (CRYPTO: BTC) surged past the $61,000 mark after the U.S. Federal Reserve announced a 50 basis point (bps) cut in interest rates, bringing the federal funds rate down to a range of 4.75% to 5%. What Happened: This sharp rise marked a critical point for Bitcoin, which crossed the $61,000 threshold before settling back...
Federal Reserve Delivers Bold 0.5% Interest Rate Cut, Signals Further Easing Ahead (UPDATED)
Federal Reserve Delivers Bold 0.5% Interest Rate Cut, Signals Further Easing Ahead (UPDATED)
Sep 19, 2024
Editor’s note: This story has been updated with additional details. The Federal Reserve slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%. This marks the first rate cut in over four years and breaks a streak of 12 consecutive months with...
Dow Jumps Over 100 Points; Fed Cuts Interest Rates By 0.5%
Dow Jumps Over 100 Points; Fed Cuts Interest Rates By 0.5%
Sep 19, 2024
U.S. stocks traded higher toward the end of trading, after the Federal Reserve slashed interest rates. The Dow traded up 0.33% to 41,744.18 while the NASDAQ rose 0.71% to 17,752.73. The S&P 500 also rose, gaining, 0.43% to 5,659.04. Check This Out: How To Earn $500 A Month From Darden Restaurants Stock Ahead Of Q1 Earnings Leading and Lagging Sectors...
Copyright 2023-2025 - www.financetom.com All Rights Reserved