Chicago Fed President Austan Goolsbee said in a call a few minutes ago that it would be “entirely prudent” for the U.S. central bank to slow the pace of interest rate cuts as the current rate/inflation ratio approaches what could be considered a neutral setting for monetary policy. The EURUSD pair saw a small downward push following those comments.
Notably, Goolsbee’s comments echoed recent remarks by Federal Reserve Chairman Jerome Powell, who told reporters after the November 7 rate cut that “as we approach levels that are likely neutral or close to neutral, it may be appropriate to slow the pace at which we ease restrictions.”
Morning wrap (27.01.2026)
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