-- Federal Reserve Bank of Chicago President Austan Goolsbee said it’s time to pay more attention to the employment side of the central bank’s dual mandate now that inflation is cooling toward the 2% target.“We want to be careful, as Chair Powell said, about the employment side of the mandate, too,” Goolsbee said Friday in an interview on CNBC. “We’re not just fighting inflation now, inflation’s on a path to 2%.
“The SEPs over the last year have made pretty clear that almost everyone on the committee thinks that conditions will show inflation coming down, the unemployment rate going up gradually and settling in, and that there would be multiple cuts over calendar ‘24 and calendar ‘25,” Goolsbee said, referring to the Summary of Economic Projections.
It’s said that a church can only be considered a “megachurch” when it easily and regularly commands a congregation of more than 2,000 worshippers.Satellite imagery captured over 2.5 hours on Thursday morning, August 22, shows Tropical Storm Hone swirling southeast of Hawaii, where strong winds and flooding rain were expected over the weekend.
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