Fed's Goolsbee: Reserved on whether to raise interest rates, actual federal funds rate is the highest in decades

Fed's Goolsbee said that he did not want to make a commitment to the next meeting. The Fed must ensure that the recent inflation is not a sign of re-acceleration. The Fed does not want to tie its hands on the interest rate issue and is reserved about whether to raise interest rates. It needs to pay close attention to the data. The more employment reports like today, the more reassured we can be. The "actual" federal funds rate is the highest in decades, and we must be more certain that the Fed is still on the path to reduce inflation. (Jinshi)