U.S. rate cuts could slow next year: Chicago Fed chief

Austan Goolsbee says allowing politics to influence FOMC would be 'grave error'

20241205N Goolsbee

Austan Goolsbee will have voting rights on the Federal Open Market Committee next year. © Reuters

KOSUKE TAKAMI, Nikkei staff writer

WASHINGTON -- The U.S. is on track to containing inflation through interest cuts, and the pace of those cuts may slow as early as next year as the central bank tries to decide on an appropriate interest level for the economy, Federal Reserve Bank of Chicago President Austan Goolsbee told Nikkei in an interview.

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