Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is 'way too premature' to suggest that stronger-than-expected job gains in April mean the central bank will need to raise interest rates again when it meets again in June.
Austan Goolsbee, who is now the president of the Chicago Federal Reserve, speaks during the Obama Foundation "Democracy Forum" in New York City, U.S., November 17, 2022. REUTERS/Brendan McDermid/File Photo
"We know that credit conditions like the ones we are seeing now in the past have been correlated with recessions, credit crunches," Goolsbee told Fox News. "It's way too premature to know what to do with monetary policy." Goolsbee on Friday said he is paying particular attention to credit conditions, given the recent failure of First Republic Bank and the troubles of other regional banks.
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