Fed's Goolsbee: We've seen significant improvement on inflation

<ul><li> Inflation is the key spot we've missed on our mandate and that's where we should be focused</li><li>If we get improvement on inflation, back into the range of our dual mandate, then we have more-symmetric concerns</li><li>We don't debate on specific policies for the future, that's not how the Fed works</li><li>We vote on the current meeting</li><li>Far be it from me to get into the head of what the market is thinking</li><li>We don't choose our actions based on how we think markets will react</li><li>I don't know if markets have gone too far</li><li>The market based projection of rates is greater than the SEP</li><li>I was surprised that the market tried to say there was some difference between what Williams said and what Powell said</li><li>Our job as central bankers is to be paranoid all the time</li></ul><p>The market is pricing in 144 bps of rate cuts next year.</p><p>I <a href="https://www.forexlive.com/centralbank/feds-williams-if-we-get-the-progress-im-hoping-to-see-it-will-be-natural-to-cut-20231215/" target="_blank" rel="follow">argued </a>on Friday that Williams wasn't saying anything different and wasn't pushing back, which is exactly what Goolsbee confirmed today.</p>

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