In an interview with CNBC, Chicago Fed President Austan Goolsbee noted that the full impact of the 500 basis points increase executed over the past year has yet to fully materialize. He expressed concern over the tight credit conditions that currently prevail and urged careful monitoring of the economic landscape.
Goolsbee mentioned that his support for a rate hike earlier this month was a “close call.” He stated, “The thing that made it a close call for me is this big question mark about what is going to be the impact of this on credit conditions.”
