Fed's Goolsbee warns against series of rate cuts

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.

Sep 24, 2025

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