Fed’s Goolsbee: It may make sense to slow pace of interest rate cuts

• It make sense for the Fed to slow the pace of interest rate cuts as central bank gets close to where rates will settle
• Over the next year, it feels like rates will end up a fair bit lower than where they are today
• Inflation is on its way down to 2%. Labor market is close to stable full employment

Goolsbee is more of a dove so his tilt is a little more cautious.

Fed’s Bowman late yesterday was more hawkish in her comments.

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