Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts

Key Points

Chicago Fed President Austan Goolsbee expressed caution about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.
“With inflation having been over the target for four and a half years in a row and rising, I think we need to be a little careful with getting all really up-front aggressive,” he told CNBC.

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