Goolsbee: The Federal Reserve should focus on reducing inflation

ChainCatcher News reports that Chicago Federal Reserve President Goolsbee stated on Thursday that, given the ample signs of a stable labor market, the central bank should focus on reducing inflation. He pointed out that the current labor market remains strong, and the most important issue is to bring inflation back to 2%. Goolsbee believes that there is still significant room for rate cuts, and a rate cut may occur this year, but only if there is convincing evidence that inflation is returning to the 2% track.
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