Fed's Goolsbee Says He's Undecided About June Decision

The transcript discusses concerns about the economy following significant rate increases and the potential for further rate hikes. It highlights the importance of not committing to decisions too early, considering financial stresses, and aiming to control inflation without causing a recession. The speaker reflects on past meetings, noting the impact of bank stresses and the need to incorporate new data into decision-making. The goal is to achieve economic stability while monitoring key indicators like job vacancies and retail sales.

What is the speaker's main concern about making decisions regarding interest rates?

• Lack of public support

• Global economic trends

• Insufficient data and premature decisions

• Political pressure

What was a significant factor in the speaker's decision-making process during past meetings?

• Political influence

• International trade agreements

• Financial stresses and data

• Public opinion

How did the speaker describe the economic outlook in the past meetings?

• Unchanged

• Worsening rapidly

• Improved but with underlying concerns

• Stable and predictable

What recent economic indicator did the speaker mention as being lower than expected?

• Unemployment rate

• Retail sales

• Interest rates

• Inflation rate

According to the speaker, what is crucial to consider when evaluating economic data?

• Nominal figures

• Real economic impact

• Political implications

• Historical trends