Jan 15 (Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee mentioned Thursday that amid ample proof of stability within the job market the central financial institution ought to be centered on getting inflation down, in feedback that stored alive the prospect of price cuts later this yr.
“There’s still strength” within the job market and “I think the most important thing facing us is we’ve got to get inflation back to 2%,” Goolsbee mentioned in an interview on CNBC. “Rates can go down still a fair amount” with cuts even taking place this yr, however “we have to have convincing evidence that we’re on path back to 2% inflation.”
(Reporting by Michael S. Derby; )