Federal Reserve Bank of Chicago President Austan Goolsbee said Wednesday he was more concerned about the labor market than inflation, citing recent progress on price pressures and faint employment data, according to Bloomberg

Key Quotes

It is significant that we do not assume that if the labour market gets worse than usual, we will be able to respond and fix the situation once it has worsened.

Inflation, as you can see, has been falling for some time, and we are quite restrictive.

Economic conditions will justify the scale of interest rate cuts

Market reaction

At the time of writing, the US Dollar Index (DXY) is up 0.01% and stands at 102.60.