21:05:09 16-08-2024
Fed's Gooslbee: Some things are flashing yellow, it's getting a little cautionary
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that some economic signals are giving policymakers cause for concern, and nodded at a general tightening of credit facilities.
Key highlights
There are some things that are flashing yellow.
Small business defaults are up; now it's getting a little cautionary.
Unemployment is up, and that's a caution sign.
Credit conditions seem tight.