Fed Goolsby: Don’t want to make early judgment on interest rate decision at June meeting

Fed Goolsbee said the last-minute debt ceiling agreement was "a bit dangerous"; raising the debt ceiling would be a "relief"; the Fed is making progress on its inflation target, but has not yet succeeded. Don’t want to judge the interest rate decision at the June meeting in advance; the Fed will have a lot of data between now and the June FOMC meeting; there is no doubt that the inflation rate is too high, and it is trying to reduce inflation without triggering a recession rates; it will take months and years for the Fed's actions to take effect in the economy.