Federal Reserve's Gulsby responds to rate cut: Everything is under discussion

Odaily Planet Daily News: Federal Reserve's Gulsby said that warning signals are flashing in the labor market and some leading economic indicators, and added that people are concerned that the unemployment rate will continue to rise. Gursby said, "Historically, if the unemployment rate starts to rise and if the number of temporary employees is negative, this is a leading indicator." He pointed out that the rise in credit card delinquency rates and small business default rates are also worrying issues. He said that when problems arise in the job market, they often do not happen slowly. However, he refused to disclose whether he supports a rate cut at the next Federal Reserve meeting in September, but reiterated that there is no need to tighten monetary policy as long as the economy is not overheated. When asked about the possible magnitude of interest rate cuts, Goolsby said, "Everything is under discussion