Goolsbee: Uncomfortable with a December rate cut, warns of "transitory inflation" risks

According to ChainCatcher, citing Golden Ten Data, Federal Reserve's Goolsbee hinted that he is uneasy about another rate cut at the December meeting. He stated that the decline in inflation "seems to have stalled" and warned of the possibility of moving in the wrong direction. An increasing number of policymakers are concerned about cutting rates too much while inflation remains high. The Consumer Price Index rose by 3% in September, still above the Federal Reserve's 2% target. Goolsbee pointed out that although the economy is strong, he is uneasy about a significant rate cut in advance.