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Fed's Goolsbee Warns Against Reflexively Lowering Rates

Bloomberg Markets · May 6, 2026, 6:32 PM · Also reported by 3 other sources

Federal Reserve Bank of Chicago President Austan Goolsbee warns against reflexively lowering interest rates in response to faster productivity growth, as it can sometimes drive up inflation. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)

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Fed's Goolsbee Warns Against Reflexively Lowering Rates

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