April 11 (Reuters) - Chicago Federal Reserve Bank
President Austan Goolsbee said on Tuesday he is focused on
assessing credit conditions ahead of the U.S. central bank's
next policy-setting meeting in May.
"Foremost thing on my mind before our next meeting in May is
trying to get a handle on this question about credit: is it
actually credit tightening?" he said at an Economic Club of
Chicago event.
Whereas before the recent banking turmoil he would have been
trying to puzzle out whether the full impact of the Fed's rate
hikes was still to come or if continued economic strength means
rates simply had not gone high enough, now his focus is "about
credit conditions and is it going to be a limiting factor on
expansion."
(Reporting by Ann Saphir
Editing by Chris Reese)
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