Fed officials say economic indicators may become "even more fuzzy"

On January 18th, Jinsan data reported that the Federal Reserve’s Goolsbee said that despite some market concerns, he is not worried about the economy overheating and believes that the labor market is stabilizing, which may allow the Central Bank to resume lowering interest rates. Recent data has made some analysts and investors worried that an overheating economy may force the Central Bank to reconsider the path of dropping borrowing costs, or even reverse its policy. ‘All options are under consideration,’ Goolsbee said. But he pointed out that to raise interest rates, ‘convincing evidence must be seen to prove that the economy is overheating and that we are not heading towards a 2% inflation path,’ and he said he has not seen such evidence at the moment. He is concerned that some key indicators will ‘begin to become more confusing.’ He said, ‘We will work hard to figure out which part of the inflation figures we should react to.’ ‘So I do feel that the work in the short term will become a bit blurry.’