Federal Reserve Bank of Chicago President Austan Goolsbee has issued a warning about the risks of inflation, advising caution regarding further interest rate cuts. Goolsbee pointed out the potential complications arising from a government shutdown, which could hinder the Federal Reserve's access to crucial data, potentially delaying future rate decisions. He stressed the challenges posed by a 'data blackout' in making informed policy decisions, which could have significant implications for financial markets and economic stability.
Fed's Goolsbee Cautions Against Rate Cuts Amid Inflation Concerns
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