Fed's Goolsbee; Inflation has got to be front of mind when Warsh starts as chair
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We have too high inflation. Inflation has got to be front of mine when Warsh starts as chair The job market is stable. If cut rates too much, you ignite inflation more. Comments are congruent with his comments from late last week. Fed officials cannot exhort inflation ignore. The
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Fed's Goolsbee: inflation has not been great. Job market is pretty much stable
The desk interprets the recent commentary from Fed's Goolsbee as indicative of a stable job market amidst persistent inflation concerns. Per the full note [source], Goolsbee emphasized that while the job market shows no signs of significant deterioration, inflation remains problematic, having reversed its downward trend. This nuanced view suggests that the Fed may need to maintain a vigilant stance on inflation, which could influence future monetary policy decisions. Our consensus target for the EUR/USD is 1.075, with a range of 1.04 to 1.12, reflecting a cautious outlook amid these mixed signals.