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Indonesia News Portal for Traders | Financial & Business Updates

23 September 2025 22:13  |

Fed's Goolsbee: Need to be a bit careful about getting aggressive

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Tuesday that there is low-hiring and low lay-off in the labor market, per Reuters.

Key takeaways

"We did not move the inflation target."

"Have to get inflation to 2%, period."

"Anyone saying we're raising the inflation target, that's dangerous talk."

"I think we are mildly restrictive."

"Neutral is below where we are now by 100-125 basis points."

"We need to be a bit careful about getting aggressive."

"I think rates can come down some if we're on a path to getting inflation back to target."

"Ultimately, Fed rate may settle at around 3% with inflation back to 2%, and I'm ok with that."

"Critically important that we maintain monetary independence."

"Labor market continues to cool at a mild, modest pace."

"Supply side of labor is moving all around with immigration."

Source : Fxstreet.com

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