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MNI BRIEF: Goolsbee Downplays Fed Disagreement, Hotter CPI

Chicago Fed president says FOMC expects rates to come down well below where they are today.

MNI (WASHINGTON) - Federal Reserve officials generally agree that interest rates will come down gradually to levels "well below" where they are now despite some disagreement on the pace of easing needed to keep the economy on an even keel, Chicago Fed President Austan Goolsbee said Thursday.

"It's clear that the vast majority of the FOMC in the dot plots believes that over the next 12 to 18 months conditions continue to slowly and gradually improve to something like target and rates gradually come down a fair amount to something well below where they are today," he said in an interview with CNBC.

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MNI (WASHINGTON) - Federal Reserve officials generally agree that interest rates will come down gradually to levels "well below" where they are now despite some disagreement on the pace of easing needed to keep the economy on an even keel, Chicago Fed President Austan Goolsbee said Thursday.

"It's clear that the vast majority of the FOMC in the dot plots believes that over the next 12 to 18 months conditions continue to slowly and gradually improve to something like target and rates gradually come down a fair amount to something well below where they are today," he said in an interview with CNBC.

Keep reading...Show less