Austan Goolsbee Discusses Interest Rates
This is a news story, published by CBS News, that relates primarily to Austan Goolsbee news.
Austan Goolsbee news
For more Austan Goolsbee news, you can click here:
more Austan Goolsbee newsNews about interest rates
For more interest rates news, you can click here:
more interest rates newsCBS News news
For more news from CBS News, you can click here:
more news from CBS NewsAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
Federal Reserve. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest interest rates news, President Goolsbee news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Federal Reserve BankCBS News
•Transcript: Austan Goolsbee, president of Federal Reserve Bank of Chicago, on "Face the Nation with Margaret Brennan," Aug. 18, 2024
69% Informative
Austan Goolsbee is the president and CEO of the Federal Reserve Bank of Chicago .
He says the Fed will lower interest rates in September for the first time in more than four years .
The biggest puzzle has been persistently high inflation rate on shelter and housing, he says.
Bank of America's CEO said there's a risk if the Fed does not start to move rates down.
Austan Goolsbee says a recession is not off the table for the Fed .
He says corporate markups are not a primary contributor to inflation.
But he says tariffs are not inflationary, but inflationary is about the rate of growth of prices.
He also says a one -time increase in costs will raise prices, but is not an extended inflationary thing.
VR Score
81
Informative language
85
Neutral language
52
Article tone
informal
Language
English
Language complexity
31
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links