Goolsbee Dissents on Rate Cut, Prefers Waiting
Update: 2025-12-12
Description
Chicago Federal Reserve President Austan Goolsbee dissented from this weeks interest rate cut, believing policymakers should have waited for more information. He was joined by Kansas City Fed President Jeffrey Schmid and Governor Stephen Miran, who preferred a steeper cut. Goolsbee expressed concern about persistent inflation and businesspeoples price worries, advocating for a more cautious approach. Meanwhile, Federal Reserve Chair Jerome Powell expressed labor market concerns, expecting lower nonfarm payroll counts. Despite his dissent, Goolsbee remains optimistic about future rate reductions.
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