"Fed mouthpiece" Nick Timirao: Fed's Goolsbee said rate cuts will be guaranteed soon
15/07 19:40
According to Nick Timiraos, the "Federal Reserve mouthpiece", Fed's Goolsbee said last week's mild June inflation data made him more confident that price pressures were easing, thus supporting a rate cut. He was worried that keeping interest rates unchanged would lead to an overly tight policy stance, because every month that inflation falls, inflation-adjusted short-term interest rates will rise. (Jinshi)