Fed's Gooslbee: Some things are flashing yellow, it's getting a little cautionary

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that some economic signals are giving policymakers cause for concern, and nodded at a general tightening of credit facilities.

Key highlights

There are some things that are flashing yellow.

Small business defaults are up; now it's getting a little cautionary.

Unemployment is up, and that's a caution sign.

Credit conditions seem tight.