According to Odaily, Federal Reserve official Austan Goolsbee has indicated that the moderate inflation data for June has strengthened his belief that price pressures are easing, which supports the case for interest rate cuts. Goolsbee expressed concerns that maintaining current interest rates could result in an overly stringent policy stance, as each month of declining inflation effectively raises the real short-term interest rates.
Fed's Goolsbee Suggests Rate Cuts Amid Easing Inflation
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