Goolsbee 'confused' by market reaction to Fed chief's rate-cut remarks
"It's not what you say or what the (Fed) Chair says, it's what do they hear and what do they want to hear?" Goolsbee said in an interview with broadcaster CNBC, in reference to the response of financial markets to Fed Chair Jerome Powell's comments last week that the time frame for when rate cuts will start was beginning to "come into view." Bets that the Fed will lower its benchmark overnight interest rate at its March meeting by a quarter of a percentage point soared last week after the U.S. central bank left its policy rate unchanged in the 5.25%-5.50% ra...
Source: yahoo.com
