More Goolsbee:There are some measures in the economy, that historically don’t portend well

  • There are some measures in the economy that historically don’t pretend well including rise in delinquencies
  • Level of delinquencies however doesn’t look that different to pre-Covid
  • I believe banks have adequate capital
  • We don’t want to be late on policy, we are forward-looking.
  • There is nothing about elections or the stock market in the Fed’s mandate

This article was written by Greg Michalowski at Source