Goolsbee Signals Potential Rate Cuts as Economic Uncertainty Persists

Federal Reserve official Austan Goolsbee suggests the possibility of interest rate cuts within the next 10 to 16 months, citing concerns about escalating EU tariffs and their impact on global supply chains. Despite volatile market conditions, Goolsbee believes the economy remains resilient. He acknowledges that if tariff pressures and uncertainties do not pose a threat to inflation, further reductions in interest rates may be warranted.