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Goolsbee: Just A Matter Of Time Until Central Banks Are In Sync

FED

Goolsbee's (’25 voter) comments to CNBC go into a little more detail but are generally similar to the gist from his appearance on BBG TV early today and in keeping with his position at the more dovish end of the FOMC spectrum. Some highlights:

  • "I THINK WE ARE RESTRICTIVE"
  • "I SEE SOME WARNING SIGNS REAL ECONOMY IS WEAKENING"
  • "IF WE USED EUROPE-STYLE INFLATION GAUGE, WE'D BE AT 2"
  • "MARKET-BASED RENTS DOWN BUT NOT YET REFLECTED IN DATA"
  • "JUST A MATTER OF TIME UNTIL CENTRAL BANKS ARE IN SYNC" – all bbg

He said to Bloomberg that he feels “we are on a path to 2%” inflation and “if you just hold the rates where they are while inflation comes down, you are tightening — so you should do that by decision, not by default.”

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