Federal Reserve official Goolsbee said he supported keeping interest rates unchanged at the July FOMC meeting, while adding that he does not hold a strong view on the number of FOMC meetings. He said policymakers should stay focused on assessing whether inflation is temporary.
Goolsbee also said he agreed with Chairman Warsh’s views on economic details, describing inflation as the Fed’s main problem. He added that inflation driven by overheated demand is difficult to resolve and has persisted longer than expected.
Fed’s Goolsbee Backs Holding Rates Steady at July FOMC Meeting
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