Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
Category: Goolsbee, Austan D
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Top Fed Official Boosts Odds of a December Rate Cut
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.’
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Shutdown Puts a Divided Fed in a Perilous Position
Some policymakers at the central bank are in a rush to lower interest rates after the Federal Reserve’s first cut this year, while others are urging caution.
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The Rates Debate Dividing the Fed
Jerome Powell and some of the more dovish policymakers at the central bank are at odds over how to handle “challenging” inflation and unemployment.
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Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
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Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause
Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.
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Economist Austan Goolsbee Is Named to Lead the Chicago Fed
The New York Times – Business:A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.