Chicago Fed President Goolsbee: Fed will act if unemployment rate exceeds 4.1%
In an interview with Bloomberg Television, 2025 FOMC Voter and Chicago Fed President Goolsbee said not to overreact to one month's data. The law provides that the Fed must respond to high unemployment, if the unemployment rate rises above 4.1 per cent, the Fed will have to react to the situation, and it will be the economic situation that determines the magnitude of interest rate cuts or whether to take action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years
A user spent $5,040 to purchase 1.47 million VEIL tokens in the past three days.
Trending news
MoreCrypto prices
More
