Fed’s Goolsbee is speaking to PBS.

• Inflation is too high, but at least it is coming down
• hopes inflation can ease without a recession

Recall on Monday, Goolsbee said:

• Fed must be data dependent and watch credit conditions
• Getting vibes at a credit squeeze is beginning
• Trying to stabilize prices without a hard landing
• Recession is a possibility
• Weighing how much fed work is being done by tighter credit
• Too early to make a call on rates for June FOMC
• Should be especially attuned to issues in the bond market related to the debt limit
• if there is doubt about US treasuries that would increase bank stress
• US Congress has to raise the debt ceiling

This article was written by Greg Michalowski at www.forexlive.com. MoneyMaker FX EA Trading Robot