Fed's Goolsbee Sees Rate Hike Possibility

Federal Reserve Bank of Chicago President Austan Goolsbee indicated that the central bank might consider raising interest rates. This potential move would depend on geopolitical developments, specifically the conflict in the Middle East. Goolsbee suggested that the Fed's future actions, whether hiking rates or returning to cuts, will be data-dependent and responsive to evolving global economic conditions. The remarks highlight the Fed's cautious approach amidst international uncertainty.