Federal Reserve Bank of Chicago President Austan Goolsbee's Positive Economic Assessment

Speaking at the 38th Annual Economic Symposium, Austan Goolsbee provided an optimistic outlook on the US economy. He emphasized the cooling labor market, which he described as stabilizing towards sustainable full employment.

Goolsbee highlighted November's job gains of 227,000, noting the balance between job vacancies and unemployment as key indicators of stability. On inflation, he acknowledged a slight rise but expressed confidence in the progress towards the 2% target.

The Fed's ongoing "transition moment" was also discussed, with Goolsbee balancing the decision of whether to adopt 25 or 50 basis-point rate cuts. He warned that inflation above 3% would indicate the fight isn't over, despite evident progress.