Goolsbee Optimistic about Interest Rate Cuts Despite Inflationary Pressures

FED member Austan Goolsbee made insightful observations on recent economic developments. He noted that while inflation data has shown promising signs, the direct impact of customs duties remains somewhat unclear. However, he anticipates a potential decrease in interest rates within 12-18 months. This optimistic outlook stems from believing the Fed’s dual goals – price stability and maximum employment – would be more achievable if current economic volatility subsides.