- Analytics
- News and Tools
- Market News
- Fed's Goolsbee: Fed will need to monitor risks of overshooting on rates – WSJ
Fed's Goolsbee: Fed will need to monitor risks of overshooting on rates – WSJ
Federal Reserve Bank of Chicago President Austan Goolsbee told the Wall Street Journal on Thursday that they will need to monitor the risks of overshooting on interest rates, per Reuters.
Key quotes
"A sustained rise in long-term rates can have a very substantial effect on real economic performance."
"It's too soon to say whether or when the central bank would turn its focus to lowering rates."
"The US economy can stay on the golden path in which inflation declines closer to the Fed’s 2% target without a significant rise in unemployment."
Market reaction
The US Dollar Index was seen rising 0.15% on the day at 105.67 following these comments.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
