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Chicago Fed President Goolsbee says if economy deteriorates, Fed will 'fix it'
Chicago Federal Reserve President Austan Goolsbee spoke Monday morning on CNBC's "Squawk Box."
Chicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react to signs of weakness in the economy and indicated that interest rates could be too restrictive now. Traders expect the Fed to slice 1.25 to 1.5 percentage points off the funds rate by the end of the year, according to the CME Group's FedWatch Tool. Chicago Federal Reserve President Austan Goolsbee said Monday on CNBC that the central bank would react to signs of weakness in the economy.
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