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Fed’s Goolsbee: If inflation and jobs continue to cool, Fed should cut

President of the Federal Reserve (Fed) Bank of Chicago Austan Goolsbee reiterated the importance of the Fed not reacting to a single data point on Friday after US Nonfarm Payrolls came in widely under forecasts, but noted that inflation and jobs data have both made significant progress in recent months.

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This article was written by Greg Michalowski at www.forexlive.com.