Fed's Goolsbee: The unemployment rate tends to go up rapidly

<ul><li>it's important to “be aware that historically when the unemployment
rate starts going up, it doesn't just gradually drift up. It tends to go
up rapidly.”</li><li>Did not rule out the possibility of Fed cutting rates in March</li><li>Expects rates to be lower next year compared to now, though not significantly</li><li>With inflation fall to 2% target, it could be appropriate to be more mindful of risk that unemployment rises</li></ul><p>This is a topic I've written about before and is very well known in the fixed income market.</p><p>This comment appears to have been made at a WSJ event but few headlines are trickling out. This is dovish stuff.</p>

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