Odaily News FOMC voting member and Chicago Fed President Goolsbee said that the Fed has been in a tightening mode. Such strict measures are only needed when there is a concern about overheating of the economy; the current data does not show signs of overheating of the economy, and the employment data is lower than expected, but it has not yet shown signs of recession. The Fed does need to be forward-looking when making decisions. (Jinshi)