In a recent interview with CNBC, Chicago Federal Reserve Bank President Austan Goolsbee shared his position on the possibility of a FED interest rate cut in 2025. Goolsbee states that the Fed may lower the rates in the next 10-16 months, albeit with a cautious approach due to trade policy unpredictability. Austan Goolsbee Shares His Timeline for an Interest Rate Cut Fed official Austin Goolsbee posited that the Fed will probably keep interest rates steady for now, carefully evaluating the effects of evolving trade policies on the economy. Goolsbee emphasized that the unusually high EU tariffs could disrupt supply chains. However, as the economy remains strong, rate cuts could be possible if tariff-related uncertainties do not trigger inflation, added the Fed President. Forecasting future FED interest rate decisions, he stated, “I’m still underneath hopeful that we can get back to that environment, and 10 to 16 months from now, rates… Read More at Coingape.com
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