Goolsbee Says Fed Won’t Overreact to One Month’s Data
Federal Reserve Bank of Chicago President Austan Goolsbee emphasized the central bank will not overreact to any one report, adding policymakers will get a lot of data prior to the Fed’s next meeting. Goolsbee, who spoke on the heels of the release of a weaker-than-expected employment report, said it’s the Fed’s job to figure out the “through line” of the data and move in a “steady” way. Still, he noted if rates stay restrictive too long, policymakers have to think about the employment side of th...
