"Fed mouthpiece" Nick Timirao: Fed's Goolsbee said rate cuts will be guaranteed soon

According to Nick Timiraos, the "Federal Reserve mouthpiece", Fed's Goolsbee said last week's mild June inflation data made him more confident that price pressures were easing, thus supporting a rate cut. He was worried that keeping interest rates unchanged would lead to an overly tight policy stance, because every month that inflation falls, inflation-adjusted short-term interest rates will rise. (Jinshi)