"Fed mouthpiece" Nick Timirao: Fed's Goolsbee said rate cuts will be guaranteed soon
Odaily Odaily reported that according to "Federal Reserve mouthpiece" Nick Timiraos, Fed's Goolsbee said that last week's mild June inflation data made him more confident that price pressures were easing, thus supporting a rate cut. He was worried that keeping interest rates unchanged would lead to an overly strict policy stance, because for every month that inflation falls, inflation-adjusted short-term interest rates will rise. (Jinshi)
