Federal Reserve's Schmid Expresses Uncertainty Over Future Interest Rates

In a recent statement, Federal Reserve Bank of Chicago President Austan Goolsbee shared his cautious viewpoint regarding the trajectory of U.S. interest rates following the central bank's recent pause on rate hikes. During a speech delivered on November 13, Goolsbee emphasized the complex economic indicators that policymakers must weigh in determining the next steps in interest rate adjustments.

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