Fed's Goolsbee: Whether to cut rates by 25 basis points or 50 basis points is not as important as lowering rates significantly to reach a neutral rate over the next 12 months

Odaily News Fed's Goolsbee said that whether to cut interest rates by 25 basis points or 50 basis points is not as important as lowering interest rates significantly in the next 12 months to reach a neutral interest rate. The latest inflation data has reached the Fed's target; the labor market is at full employment.