Fed's Goolsbee on Future Interest Rates

In a recent CNBC interview, Federal Reserve Bank of Chicago President Austan Goolsbee shared insights on the future direction of U.S. interest rates. He indicated that, assuming progress on inflation, the Federal Reserve could lower interest rates in the next 12 to 18 months.

Steady Economic Growth Amidst Challenges

Goolsbee emphasized the importance of the Fed maintaining a steady approach towards economic management. "The Fed needs to be a steady hand and take the long view on the economy. Markets want information fast but that is not realistic at this moment," he stated. Despite the challenges, Goolsbee remains optimistic about the economy's resilience.

Impact of Trump Administration Tariffs

Addressing the impact of the Trump administration's tariffs, Goolsbee highlighted the need for clarity. Before making any decisions, the Fed requires information on the duration of the tariffs and potential retaliatory measures.