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Fed's Goolsbee warns against series of rate cuts
By Joshua Gibson
Date Published: 25 Sep 2025 | Date Modified: 25 Sep 2025
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Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump's newly-minted Fed plant Stephen Miran.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump's newly-minted Fed plant Stephen Miran.
Key highlights
Goolsbee warns against series of rate cuts.
I am uncomfortable with overly frontloading rate cuts.
We've still got a mostly steady and solid jobs market.
Trump's trade polciies were to blame for Goolsbee's reluctance to lower borrowing costs more aggressively.
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