Goolsby: The Fed may not cut rates until 2027.

According to ChainCatcher, citing Jinshi, Chicago Federal Reserve President Goolsby stated on Tuesday that if a war with Iran leads to persistently high oil prices, thus slowing the decline of inflation towards the Fed's 2% target, the Fed may need to wait until 2027 to cut interest rates. He mentioned that he initially expected multiple rate cuts in 2026, but if inflation remains high, the timing of rate cuts will be delayed. His confidence has weakened, noting that interest rates may be raised in certain situations.