Fed's Goolsbee: March cut is unlikely (but does not rule it out either)

<ul><li>March cut is unlikely</li><li>Economy has been quite strong</li><li>If we keep getting inflation going down despite strong jobs in GDP growth, then we might be in a period like mid-1990s</li><li>He does not want to rule out a March cut but does want to see more data and not tie the Fed's hands</li><li>Fed's goal is PCE measure of 2%</li><li>Inverted yield curve, as a rule of thumb, is not applicable as a recession indicator</li><li>Does not see widening problems in the regional banking system</li></ul><p>Goolsbee tends to be more of a dove but seems to be straddling the fence as he speaks the facts. </p>

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