Austan Goolsbee’s FOMC Dissent
1. Goolsbee said he voted against the rate cut because he felt the Fed should have waited for more fresh data before making a move.
2. He highlighted that inflation readings in the coming weeks could have offered a clearer picture of where the economy is heading.
3. He argued that holding off until early next year wouldn’t have created any major risks for the economy.
4. Goolsbee noted that a short delay would have given policymakers a fuller set of numbers to base their decision on.
Instrument: USD | Sentiment: Positive
