Chicago Fed President Goolsbee Warns of Risks of Overshooting on Interest Rates

Chicago Fed President Austan Goolsbee warns that if the recent rise in bond yields continues, the Federal Reserve will need to be cautious about the risks of overshooting on interest rates. Goolsbee emphasizes the need for the central bank to ensure that higher long-term bond yields do not have a greater negative impact on the economy than anticipated.