Austan Goolsbee, president of the Federal Reserve Bank of Chicago.
[Financial Channel/Comprehensive Report] Chicago Federal Reserve Bank President Austan Goolsbee said on Friday (5th) that it is too early to judge the next interest rate decision of Federal Reserve (Fed) officials, but the pressure on the banking industry may help them get some work done .
As Fed Chairman Jerome Powell (Jerome Powell) and other officials have emphasized, Austan Goolsbee said that at next month's meeting, decisions will have to be based on data.
"It's too early to predict what will happen to rates in June."
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Austan Goolsbee pointed out that in view of the recent banking events, he is paying special attention to the credit situation. The fate of the banking industry is very important and must be treated with caution. The matter of raising interest rates has prompted Fed officials to think about it, because credit tightening may slow down economic growth.
Austan Goolsbee continued to point out that just like the credit conditions that everyone has seen in the past and now, they are all related to economic recession and credit tightening, which will help the Fed to complete their monetary policy tightening work to some extent.
The Fed decided to raise interest rates by 1 yard earlier this month, bringing interest rates between 5% and 5.25%, and Powell signaled that they are ready to pause tightening policy.
The Fed's next interest rate meeting will be held on June 13-14.
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