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Fed's Goolsbee Warns Against Hasty Rate Cuts Amid Inflation

11/21/2025

Summary

Story summary

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, cautions against aggressive rate cuts amid persistent inflation.
He says inflation remains high and may not be temporary, which makes him hesitant to back a third consecutive rate reduction.
Goolsbee notes the government shutdown has halted official inflation data, complicating the Fed's decision-making.
The December 9-10 meeting will be critical, because inflation and labor data will be delayed.

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Story summary

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, cautions against aggressive rate cuts amid persistent inflation.
He says inflation remains high and may not be temporary, which makes him hesitant to back a third consecutive rate reduction.
Goolsbee notes the government shutdown has halted official inflation data, complicating the Fed's decision-making.
The December 9-10 meeting will be critical, because inflation and labor data will be delayed.