【Fed's Goolsbee: Interest Rate will continue to fall】Fed's Goolsbee said he expects the Fed to continue cutting interest rates to achieve the goal of neither restricting nor promoting economic activity. Goolsbee said, 'Unless there is convincing evidence of an overheated economy, I see no reason not to continue to lower the federal funds Interest Rate.' 'The speed of rate cuts depends on the outlook and conditions. But in my view, we are on a clear path that will lead to a decline in the Interest Rate, closer to the neutral Interest Rate.' He said his forecast for the neutral Interest Rate is close to the officials' median estimate, which is 2.9% in September. Goolsbee said that the overall situation in recent months has been that inflation has often been lower than expected, but has not been far above the 2% target.
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【Fed's Goolsbee: Interest Rate will continue to fall】Fed's Goolsbee said he expects the Fed to continue cutting interest rates to achieve the goal of neither restricting nor promoting economic activity. Goolsbee said, 'Unless there is convincing evidence of an overheated economy, I see no reason not to continue to lower the federal funds Interest Rate.' 'The speed of rate cuts depends on the outlook and conditions. But in my view, we are on a clear path that will lead to a decline in the Interest Rate, closer to the neutral Interest Rate.' He said his forecast for the neutral Interest Rate is close to the officials' median estimate, which is 2.9% in September. Goolsbee said that the overall situation in recent months has been that inflation has often been lower than expected, but has not been far above the 2% target.