Fed's Goolsbee Highlights Tightest Point in Rate Hike Cycle

According to BlockBeats, on August 24, Federal Reserve official Austan Goolsbee stated in an interview with CNBC that the current policy represents the tightest point in the entire rate hike cycle. He expressed support for the Federal Reserve's new focus on the job market, noting that inflation is moving towards the 2% target. Goolsbee mentioned that all conditions for the desired rate cuts have been met, with almost all indicators showing a cooling job market. The Federal Reserve's forecasts indicate broad support for rate cuts.