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Chicago Fed President Austan Goolsbee said he sees scope for interest rates to come down “a fair amount” over time if stagflation risks fade, though the adjustment should be “gradual”. Speaking to CNBC, he suggested neutral rate is 100–125bps below the current 4.00–4.25% range, implying a longer-run policy level around 3%. Goolsbee stressed that inflation […]
The post Fed’s Goolsbee: Avoid getting too aggressive with cuts upfront appeared first on Action Forex.
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