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Goolsbee said that if there is compelling evidence that inflation is falling back to 2%, he has no objection to cutting interest rates.
Fed's Goolsbee: If there is compelling evidence that inflation is falling back to 2%, I have no objection to rate cuts
BlockBeats news,September 21, Fed's Goolsbee stated that if there is compelling evidence that inflation is falling back to 2%, I have no objection to rate cuts.
Original link https://m.theblockbeats.info/flash/368246
September 21, Goolsbee made remarks regarding rate cuts.
The remarks were conditional on “compelling evidence that inflation is falling back to 2%.”
If the above condition is met, Goolsbee said he has no objection to cutting interest rates.
The following is analysis, separate from reported facts. Verify important claims independently.
This is a conditional statement: only if there is conclusive evidence that inflation is indeed falling to 2%that level would Goolsbee say that he does not oppose rate cuts.
This passage clearly links his stance on rate cuts to whether inflation has fallen to 2%that level.
It should be noted that this is not a rate cut that has already occurred or a commitment to cut rates, but an expression of non-opposition based on specific conditions.
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Inflation is a phenomenon in which the overall price level of goods and services rises, thereby weakening the purchasing power of money.
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