Goolsbee: The Federal Reserve should focus on reducing inflation

According to Jinshi, Chicago Federal Reserve President Goolsbee stated on Thursday that, given the ample signs of stability in the labor market, the central bank should focus on reducing inflation. He pointed out that the current labor market remains strong, and the most important issue is to bring inflation back down to 2%. Goolsbee believes that there is still significant room for interest rate cuts, which may occur this year, but only if there is compelling evidence that inflation is returning to the 2% trajectory.