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2026-09-21 19:44:10
[Fed's Goolsby: I'd Support Rate Cuts If Inflation Confirms It's Falling to 2%, Otherwise Rate Hikes Are Necessary] (1) Fed's Goolsby stated that he is open to the possibility that inflation is beginning to fall back to the 2% target level; if there is conclusive evidence that inflation is falling back to 2%, then he has no objection to a rate cut. (2) However, if inflation fails to fall back, then interest rates will need to be raised. (3) Goolsby stated, "Currently, we don't have an employment problem, but we do have an inflation problem." (4) He indicated that he is willing to accept the view that the current inflation problem is not persistent but stems from some kind of supply shock that is about to subside; however, he hopes to see evidence that this shock is subsiding. (5) He added that otherwise, we know very well what action must be taken.
