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Fed's Goolsbee tells CNBC getting inflation lower is Fed's main job

Fed's Goolsbee tells CNBC getting inflation lower is Fed's main job

101 finance101 finance2026/01/15 14:15
By:101 finance

Jan 15 (Reuters) - Federal Reserve Bank of Chicago President ​Austan Goolsbee said ‌Thursday that amid ample evidence of ‌stability in the job market the central bank should be focused on getting ⁠inflation down, ‌in comments that kept alive the prospect ‍of rate cuts later this year.

“There’s still strength” in the ​job market and “I think ‌the most important thing facing us is we've got to get inflation back to 2%,” Goolsbee said in ⁠an interview on ​CNBC. “Rates can go ​down still a fair amount” with cuts even ‍happening ⁠this year, but “we have to have convincing evidence ⁠that we're on path back to ‌2% inflation.”

(Reporting by Michael ‌S. Derby; )

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