Fed’s Goolsbee says he's undecided about a December interest rate cut
Update: 2025-11-03
Description
The Federal Reserve's interest rate cut plans are on hold due to inflation concerns and a lack of reliable government data, following a government shutdown. Economists like Austan Goolsbee express unease about reducing rates without a clearer picture, especially with inflation not cooling as expected. The job market remains stable, but Goolsbee warns of potential risks if it weakens sharply. The shutdown's impact on the Fed's data access has led to caution among policymakers, with some arguing against further rate cuts until the data situation improves. The Fed is divided on whether to cut rates again in December, with some officials concerned about high inflation and others favoring a hold. As economic stress signs emerge, the Fed opts for caution, waiting for clearer signals before acting.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
