Chicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be “extremely negative” for the financial system and broader economy.
Interviewed on CBS’s “Face the Nation,” he declined to say whether he would support an interest-rate hike at the Fed meeting on June 13-14. He said the full impact of central bank rate increases to date had yet to be felt.
“I try … to make it a point not to prejudge and make decisions when you are still weeks out from the meeting,” Goolsbee said. “We are going to get a lot of important data between now and then.”