Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts

Key Facts

• The first three readings for this year indicate covering the remaining distance to 2% “may not be as rapid,” he added.
• That “stalling” merits further investigation on the direction of the economy before the Fed moves to cut rates, said Goolsbee, who is a nonvoting member this year of the rate-setting Federal Open Market Committee.
• He described himself as a “proud data dog,” and pointed to what he says is “the first rule of the kennel.”
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