The Fed Emphasizes Employment Priority: Interest Rate Cut Path Decided by Data
Publication Time:2024-08-24 02:31:08
Fed official Goolsbee clearly stated that, given the current economic environment, the Fed's primary focus should be on the job market. He explained that the Fed's projections show the possibility and direction of interest rate cuts, which will be guided by actual economic data. Goolsbee emphasized that while the magnitude of interest rate cuts in the short term may attract external attention, it is more important to understand how the future path of interest rate cuts will evolve. Based on its assessment of the current economic situation, the Fed does not expect interest rates to fall to near-zero levels in the short term. This statement reflects the Fed's cautious approach in formulating monetary policy, ensuring economic growth while also being vigilant about potential inflation risks and financial stability issues.
The Fed
Economic Outlook
data-driven
employment task
interest rate cut path