Fed member Goolsbee

Fed debate progresses over how long to keep rates high
- We still feel like there's a path to soft landing
- I see the way to lower inflation without recession
- Fed less arguing about rate hikes again
- It's still too early for the Fed to announce that it's done its job.
- So far, I don't see much of the economic effects of the banking sector problems, there is definitely a credit crunch.
- Increase in bond yield may not be a problem for the economy
- GDP projections suggest growth may accelerate
- It's interesting that consumers have held up so well with the Fed's rate hikes.
- I did not see any deterioration in consumer spending
- I'm definitely seeing an improvement in Core Inflation but it's too early to say victory