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MNI BRIEF: Fed’s Goolsbee-Too Soon To Commit To Timing Of Cuts

(MNI) WASHINGTON

The Federal Reserve could cut interest rates sooner than later if inflation falls faster than expected, but policymakers should not commit to any timing of cuts before they have more data at hand, Chicago Fed President Austan Gooslbee said Friday.

“I don’t like tying my hands when we still have weeks of data,” he told CNBC. “We go meeting by meeting, let’s not commit ourselves to hypotheticals on what we might do in three meetings.” (MNI BRIEF: Bullard Says March Is Too Early For Fed To Cut)

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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