Fed Official Speaks: Rate cuts cannot be made in bulk while waiting for inflation to decrease, central bank faces difficulties

Fed Chair Goolsbee noted that inflation in the services sector has increased, complicating the Fed’s dual mandate. He urged caution against quick rate cuts, as both inflation and job growth face close scrutiny.

Recent data shows U.S. Job growth has stalled, influenced by strict immigration policies. However, unemployment remains low, reflecting a complex labor market scenario that the Fed must navigate carefully.