Fed's Goolsbee: Interest rates may be much lower than they are now in the next 12 to 18 months
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Odaily Odaily News: Fed's Goolsbee said that as long as inflation continues to fall toward the Fed's 2% target, interest rates will be significantly lower in the next 12-18 months. However, Goolsbee agreed with Fed Chairman Powell that policymakers are not in a hurry to cut interest rates. Goolsbee said: "As long as we continue to move toward our 2% inflation target, interest rates will be much lower than they are now in the next 12 to 18 months." (Jinshi)
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