Fed's Goolsbee: 'Many more cuts' likely needed over the next year
Comfortable with 50 bps, shows fed is focused on risks around employment, not just inflationInflation is way down from peak, labor market is at full employmentKeeping rates at decade-high does not make sense when you want things to stay where they areTo reach a soft landing you can't be behind the curveRates must come down significantlyFed officials have this vision in their mind of executive a perfect soft landing. This article was written by Adam Button at www.forexlive.com.
- Comfortable with 50 bps, shows fed is focused on risks around employment, not just inflation
- Inflation is way down from peak, labor market is at full employment
- Keeping rates at decade-high does not make sense when you want things to stay where they are
- To reach a soft landing you can't be behind the curve
- Rates must come down significantly
Fed officials have this vision in their mind of executive a perfect soft landing.
