Keeping policy tight for too long will hurt US jobs By Reuters

(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday that U.S. lending conditions were tight and getting tighter and that while there was no certainty the Fed would cut interest rates next month, so as expected, not doing so could harm. the labor market. “When you set a rate as high as we did and keep it there while inflation is coming down, you’re actually tightening,” Goolsbee said in an interview with CBS’ Face the Nation.

While the economic data is a mix of positive indicators and some that are more worrisome, he said, “If you stay too tight for too long, you’re going to have a problem with Fed mandate employment.”