Federal Reserve Bank of Chicago President Austan Goolsbee said much of the impact from the Fed’s rapid rate-hiking campaign is still working its way through the economy, and said policymakers need to be careful as they assess their next move.
“There’s still a lot of the impact of the 500 basis points we did in the last year that’s still to come,” Goolsbee said in an interview with CNBC Monday.
Read More : Fed’s Goolsbee anticipates future impact from swift rate increases