• Aug 16, 2024

Fed's Goolsbee: Don't want to tighten longer than necessary - NPR

"You don't want to tighten any longer than you have to," Goolsbee told National Public Radio in an interview. Goolsbee declined to say whether he would press for an interest rate cut at the Fed's coming meeting on Sept. 17-18. The Fed has held its policy rate in the current range of 5.25% to 5.50% since July 2023 after raising to that level at a breakneck pace over the prior 16 months to combat the worst outbreak of inflation since the 1980s.