Federal Reserve's Goolsbee: The inflation report for June is excellent, we can consider a single or series of rate cuts

BlockBeats reports that on July 12, Charles Evans, the Chairman of the Federal Reserve Bank of Chicago, stated that the inflation report for June was excellent. Based on data conditions, a rate cut or a series of rate cuts could be considered.

There is no need to panic about unemployment; the job market is stable. He dislikes being constrained in policy decisions and needs to decide when to cut rates rather than trying to find out the interest rate path for the next seven months all at once.