Federal Reserve's Austan Goolsbee Forecasts Interest Rate Cuts

In a recent interview with CNBC, Austan Goolsbee, the President of the Federal Reserve Bank of Chicago, shared insights on the future of U.S. interest rates. Goolsbee expressed optimism about the economy's resilience and suggested that if inflation shows signs of progress, the Federal Reserve could lower interest rates within the next 12 to 18 months.

He emphasized the importance of the Fed's role as a steady hand in the economy, advocating for a long-term perspective despite the market's demand for quick information. Goolsbee also addressed the impact of the Trump administration's tariffs, highlighting the need for clarity on their duration and potential retaliatory measures before the Fed takes any action.