Fed Goolsbee worried about the possible continued port shutdown. Case for rate cuts clear.

Chicago Fed Pres. Goolsbee (2025 voting member and dove) speaking on FOXBusiness news says

He is worried about the possible continued port shutdownThe Fed is cutting rates because the economy has normalizeThe jobs market is sustainableInterest rates coming down is the order the day.Cautionary indicators on the job marketThe most important thing about rate cuts is the process of easingThere will be a lot of rate cuts.Inflation is coming in close to target.Case or cutting rates is clear. Nothing to do with politics.

This article was written by Greg Michalowski at www.forexlive.com.