Fed's Goolsbee (2023, Dove) says it was fabulous news to see inflation come down this way; monthly readings have been quite good - Yahoo Finance Interview
- Our goal is to get inflation down without a major recession.
- Will need to play by ear on restrictiveness of policy rate.
- Has not seen anything tighter on credit conditions than expected.
- Doesn't think the historical relationship between unemployment and inflation has to exist in this case.
- Thus far, we are on the golden path. The effort to get inflation down thus far is working.
- Doesn't know if should skip September meeting.
- Nothing is off, or on the table for the September decision.
- Housing inflation is expected to start dropping.
- Reiterates wages is not a leading indicator.
- On banking sector says I am a long-term advocate of higher capital in banking sector.
31 Jul 2023 - 14:24- Fixed IncomeData- Source: Newswires
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