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The story in brief
On October 2, 2026, Federal Reserve Chair Austan Goolsbee told Fox Business Network he views the labor market as steady while placing greater emphasis on inflation in policy decisions. He said the Fed will weigh evidence of inflation moving toward its 2% goal and is keeping both further hikes and pauses under consideration. Earlier remarks this week warned against assuming supply shocks alone will resolve inflation pressures.
Key takeaways
- Goolsbee views the labor market as stable.
- Inflation remains the Fed’s primary policy concern.
- The Fed is open to both additional hikes and pauses, pending incoming data.
Mortgage-market context
If inflation proves persistent, mortgage rates could remain elevated; if inflation shows sustained progress toward 2%, the Fed may pause, which could ease upward pressure on rates. This is general context, not a forecast.
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