Fed's Goolsbee: We're starting to see some slowing in activity

  • Comments from the Chicago Fed President
  • Housing inflation hasn't come down yet but we expect it to
  • Not sure if we've put enough restraint on the economy yet
  • I want to get inflation back to target without generating a recession
  • It's far too premature to talk about rate cuts and far too early to talk about what to do at the next meeting

These are very much boilerplate comments.

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