Chicago Fed President Goolsbee Suggests Further Rate Cuts Possible in 2026

Deep News12-17 09:51

Chicago Federal Reserve President Austan Goolsbee stated that if strong economic growth continues into 2026, interest rates could potentially be lowered further.

"In looking ahead to 2026, I remain fairly optimistic that the economy will maintain a reasonably stable growth pace. If this holds true and inflation falls to around 2%, I believe rates could be reduced," Goolsbee said in an interview on Tuesday.

Goolsbee reiterated his opposition to the Fed's recent decision to cut rates earlier this month, as he preferred waiting for more economic data before making a move.

He also noted that businesses and consumers within the Chicago Fed's district remain concerned about inflation.

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