#CNBC Chicago Fed president says officials have to be careful not to get too aggressive with rate cuts

Chicago Fed president says officials have to be careful not to get too aggressive with rate cuts
Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.

While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank’s key borrowing rate, he told CNBC that further moves would depend on economic progress.

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