Fed's Goolsbee: June rate hike 'too early'

Goolsby voted Wednesday along with all other Fed policymakers Raise the Fed’s policy rate by 25 basis points to 5. %-5.%. Federal Reserve Chairman Jerome Powell said interest rates are now close or likely to levels high enough to lower inflation and that the central bank will make policy decisions “on a meeting-by-meeting basis” based on its interpretation of upcoming economic data.