Fed's Goolsbee says it's 'not realistic' to expect business or central banks to make major decisions

President of the Federal Reserve Bank of Chicago Austan Goolsbee (Credit: Vincent Alban/Bloomberg)

• The Federal Reserve is continuing to wait for more data before making any decisions about rate cuts. Chicago Fed president Austan Goolsbee refers to himself as a “data dog” that just wants to better assess the state of the economy. 

Federal Reserve Bank of Chicago president Austan Goolsbee said the central bank is still waiting for more economic data that will ultimately influence its decision about whether to change interest rates.