Federal Reserve's Goolsbee: All conditions for rate cuts have been met, and nearly all indicators show that the labor market is cooling down

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated in an interview with CNBC that the current policy is the tightest moment of the entire interest rate hike cycle. He supports the Federal Reserve's new focus on the labor market, as inflation is moving towards the 2% target. All the conditions we hope to achieve for rate cuts have been met, and nearly all indicators show that the labor market is cooling down. The Federal Reserve's forecasts indicate broad support for rate cuts.