The Federal Reserve's Goolsbee said that we are confident in keeping inflation at 2%, which is a commitment given by the Federal Reserve.
Mr. Goolsbee said interest rates should fall if economic conditions were stable, inflation was not rising and full employment was achieved. If current expectations were met, rates would fall sharply in 12 to 18 months.
The Federal Reserve Goolsbee said that the policy rate is now restrictive, and the policy is much less restrictive than before; the interest rate will drop a little, and the policy rate is still far from the neutral rate. It is expected that the Federal Reserve interest rate will be "moderately lowered" in 2025, and the path of interest rates will be determined by employment and price conditions. And said that the Federal Reserve interest rate may fall in 12-18 months.
Federal Reserve Goolsby said the state of the U.S. economy will determine the pace at which the central bank will cut interest rates going forward, but added that he hoped the central bank would be able to find a point to stop cutting rates by the end of next year. "I hope the situation continues to evolve so that we can get closer to the neutral policy range," Goolsby said. While he did not specify his estimate for the neutral rate, he said it was around 3 percent (well below the current rate o...
So far, the rise of crypto-assets has not had much of a macro impact, but it could have a wealth effect, said Mr. Goolsby, the Fed. Cryptocurrencies are more speculative assets, but without obvious real-economy use cases, it is difficult to see what the real impact will be.
The Federal Reserve said it still believes the United States is on track to achieve its 2% inflation target.
1. The Federal Reserve Goolsbee said that the labor market has stabilized, or the pace of interest rate cuts needs to be slowed down. 2. The New York Fed said that the bank reserves are sufficient, indicating that there is no obstacle to continuing to shrink the balance sheet. 3.9. Refinancing special project bonds to replace hidden debt, the scale is close to 500 billion yuan. 4. Shandong Province plans to issue 98.332 billion yuan of special project bonds to replace existing hidden debt. 5. Sh...
Mr. Goolsbee said that we would look at rate cuts with reference to the Fed's September dot plot, and that personally I would prefer not to go straight towards the neutral rate, which is significantly lower than the current level of the Fed's policy rate, but to slow down as we approach it. Everything is always on the table in the Fed's policy calculus. He also said that the inflation data must continue to improve, if you start looking at...
On October 4th, the Federal Reserve Goolsbee said that the vast majority of Federal Reserve policymakers believe that interest rates will fall significantly over the next year to the next 18 months. There are some signs that inflation may be below target. With current interest rates remaining so restrictive, caution must be exercised. A wide range of data points to a cooling labor market. If productivity growth continues, this means higher economic growth and the neutral interest rate will also ...
Goolsbee said that it is reasonable to start cutting rates by 50 basis points; we are returning to the normal dual mandate model; our current level of interest rates is hundreds of basis points above neutral; if this continues, there will be a lot of rate cuts in the next 12 months; we still have a long way to go to get rates down to near neutral.
The Federal Reserve's Goolsbee says the "golden road" is history, with inflation falling last year without a recession. (Golden Ten)
Mr. Goolsbee said more rate cuts were likely to be needed in the coming year, rates would need to fall significantly and a soft landing would have to keep pace. Satisfaction with the Fed's 50 basis point rate cut showed it was focused on jobs risks, not just inflation.
The Fed's Goolsbee said that the market is pricing interest rates very similar to the Federal Reserve's forecast; as long as the long-term trend shows that inflation is falling, our tolerance for a small upward surprise in CPI will be slightly higher; the fear that if we maintain this level of tightening, the probability of a U.S. recession may increase.
Mr. Goolsbee said the Fed had tightened policy passively as inflation cooled, and there was good reason to think the Fed's forecast of a rate cut would materialise.