Feds Goolsbee: There is nothing in the Feds mandate about stock prices | Forexlive

Fed’s Goolsbee in an interview on FOXBusiness says:

• There is nothing in the Fed’s mandate about stock prices.
• I hope markets remain sober.
• SVB bet the market was right on Fed, bet against the Fed, a terrible idea.
• Central bankers have to see through the markets ups and downs
• The strongest part of the economic data is labor market data.
• I am hopeful we can get inflation down to something like a target without a recession.
• Heartened by strength in various sectors, but we need more balance.
• If labor market is too hard, will have a hard time bringing down inflation.
• There has been calling inflation.
• Goods inflation has not come down as fast as have wanted it to.
• There is a lag in the impact of interest rate on the economy.
• Not made up his mind on rates.
• There is a number of data releases before the next Fed meeting (*the next Fed rate decisions on July 26)

Goolsbee is the president of the Chicago Fed and is more of a dove.