Fed’s Goolsbee: I have comfort we are on the path to 2% inflation

• I’m fine with rates coming down commensurate with inflation coming down
• Let’s slow down to feel our way to neutral
• I’m skeptical of just looking at the 12-month number on inflation
• The 3 and 6-month inflation numbers have been coming in ‘pretty solidly’
• Mostly PCE today was ‘just what was expected’ but one-month core was a tad lower
• I still think rates will be significantly lower in 12-18 months
• Jobs market looks like it’s settled in around full employment
• The underlying economy to me looks like it’s on a ‘excellent path’

This article was written by Adam Button at www.forexlive.com.