Chicago Fed president unpacks weak jobs report and what it says about the economy

The labor market appears to have stalled this summer, according to the significantly weaker than expected jobs report. Employers added just 22,000 new jobs in August and revisions show the economy ... Read More

Fed's Goolsbee says he's undecided on Sept rate cut, defends Fed independence

Federal Reserve Bank of Chicago President Austan Goolsbee, speaking Friday after data showed further job-market weakening, said he is still undecided whether September is the right timing for an ... Read More

Chicago Fed's Goolsbee awaits inflation data before backing rate path

Even after a poor August jobs report earlier on Friday, Federal Reserve Bank of Chicago Austan Goolsbee said he is holding off on taking a position for the central bank's upcoming meeting until fresh ... Read More

Austan Goolsbee: Job Openings Rate Is Quite Good, Even Better Than The Strong Labor Market Before The Pandemic

Chairman of the Chicago Fed and former Obama economic adviser Austan Goolsbee discussed the recent jobs report and the state of the economy in an interview with PBS NewsHour co-host Amna Nawaz. AMNA ... Read More

Chicago Fed's Goolsbee says he's undecided on September rate cut, wants to see inflation data

Chicago Federal Reserve Bank President Austan Goolsbee said Friday he's undecided on whether to back an interest-rate cut later this month due to continued uncertainty around the inflation outlook. "I ... Read More

Fed Rate-Cut Expectations Climb Following Weak Job Market Report

Disappointing employment data released Friday validated fears that the US labor market may be on the brink of a downturn and lifted expectations for how much the Federal Reserve will lower interest ... Read More

Fed’s Goolsbee Wants Inflation Data Before Making Rate Call (1)

Federal Reserve Bank of Chicago President Austan Goolsbee said he’s still undecided on what course of action he will support at the central bank’s Sept. 16-17 meeting, pointing to inflation data due ... Read More

Fed’s Goolsbee Says He Wants to See CPI Before Making Rate Call

Federal Reserve Bank of Chicago President Austan Goolsbee said he’s still undecided on what course of action he will support at the central bank’s Sept. 16-17 meeting, pointing to inflation data due ... Read More

Weak Jobs Cement Fed Rate Cuts–And Wall Street Eyes Records Again

Wall Street could be marching into a bad-news-is-good-news environment, as deteriorating labor market data bolsters the odds of imminent rate cuts — potentially giving stocks the lift they need to ... Read More

Weak Jobs Cement Fed Rate Cuts–And Wall Street Eyes Records Again

Weak jobs growth fuels expectations of imminent Fed rate cuts. ADP, ISM data confirm labor market cooling. S&P 500 rebounds, just 0.5% below record highs. See the trading strategy with a perfect track ... Read More