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Top official says Federal Reserve can't risk being too late with rate cuts

ABC News
Summary
Nutrition label

85% Informative

Austan Goolsbee , president of the Federal Reserve Bank of Chicago , says Fed can't risk being too late with rate cuts.

With inflation easing, the Fed is widely expected to start cutting its benchmark rate next month .

He says the Fed 's rate decisions affect the economy only after an extended time lag.

The Fed 's key rate affects many consumer and business loan rates.

VR Score

92

Informative language

95

Neutral language

51

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links