Posted 3/25/2024, 10:17:27 PM

Fed's Goolsbee Cautious on Rate Outlook Despite Recent Murky Inflation Reads

Inflation readings are "murky" currently after higher than expected January and February readings, but have come down over last 7 months
Three rate cuts for 2022 in line with Goolsbee's thinking
Summary of economic projections not forward guidance or deliberated on for future meetings
Taylor Rule a formula plugging in inflation and unemployment rates to indicate past Fed behavior
Can't be overly mechanical in following Taylor Rule formula for decision making

yahoo.com