Federal Reserve Bank of Chicago President Austan Goolsbee called this a “critical moment” for monetary policy on Thursday, with the U.S. economy at a transition point as the year comes to a close. The distortions of the Covid-19 pandemic and subsequent economic rebound are fading and it’s time to land the plane.

Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central bank's debate that it's not about whether,

Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts

In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports,