Federal Reserve Bank of Chicago President Austan Goolsbee on Thursday discussed the economic outlook on BBC Radio.
Fed eral Reserve Bank of Chicago President Austan Goolsbeeon Thursday discussed the economic outlook on BBC Radio. Goolsbee said that getting inflation back to 2% will take time and there is still much data to be had on the economy. Key quotes Bringing inflation back to 2% takes time. Warns against prolonged high interest rates. The economy still requires more information. Market reaction TheUS DollarIndex is trading 0.05% lower on the day at 105.30, as of writing.
How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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