“It doesn’t look like the U.S. is headed for a recession, and Friday’s U.S. employment data was weaker than expected,” Chicago Federal Reserve Bank (Fed) President Austan Goolsbee told CNBC.

He added that “this simply means that Fed officials need to account for changes in the environment in order to avoid placing constraints on rate-setting.”

“You only need to be so restrictive if you think there is a risk of overheating [της οικονομίας]Goolsbee pointed out. “These data, to me, do not point to warming.”

It is recalled that the said comments of the chairman of the Federal Reserve Bank come as today’s free fall in stock market shares comes after the disappointing US employment report on Friday and after the Fed’s decision last week to leave interest rates unchanged. Fed officials, however, indicated they could cut interest rates at their next meeting in September.