Austan Goolsbee, a member of the US central bank Federal Reserve's (Fed) board, says that the Fed can proceed with interest rate cuts if uncertainty surrounding trade policy subsides, reports Bloomberg.
I still think that if we can get past this shaky period, the dual mandate still looks pretty good to me, and I think we can be on that path, says Goolsbee, the Fed chief in Chicago.
He refers to the Fed's mandate to promote both price stability and maximum employment.
The US President Donald Trump has long criticized the Fed for keeping the interest rate in the range of 4.25-4.50 percent, and accused Fed Chairman Jerome Powell of being slow-moving.
