FED'S GOOLSBEE: FED WILL NEED TO MONITOR RISKS OF OVERSHOOTING ON RATES – WSJ
Federal Reserve Bank of Chicago President Austan Goolsbee told the Wall Street Journal on Thursday that they will need to monitor the risks of overshooting on interest rates, per Reuters.
Key quotes
"A sustained rise in long-term rates can have a very substantial effect on real economic performance."
"It's too soon to say whether or when the central bank would turn its focus to lowering rates."
"The US economy can stay on the golden path in which inflation declines closer to the Fed’s 2% target without a significant rise in unemployment."
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