Chicago Fed Pres Goolsbee speaking on radio interview:Economy was on a golden path in 2023

Chicago Fed Pres. Goolsbee speaking on an interview with WBEZ radio says:

  • Feds lender of last resort system functioning well
  • Economy was on a golden path in 2023
  • Economy remains strong, jobs data confirm that.
  • Fed has to determine how long to be restrictive on monetary policy.
  • Undeniable that many are upset with economy.
  • Sees breakdown between data and consumer mood.
  • Economy is getting back into better balance.

Goolsbee has shifted recently his most dovish policy view given the stronger-than-expected growth and fears of inflation.

This article was written by Greg Michalowski at Source