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Fed's Goolsbee forecasts several more rate cuts this year, but not soon

Fed's Goolsbee forecasts several more rate cuts this year, but not soon

101 finance101 finance2026/02/26 19:54
By:101 finance

Feb 26 (Reuters) - Chicago Federal Reserve President Austan ‌Goolsbee said on Thursday ‌his forecast for several interest-rate ​cuts later this year makes him one of the more "optimistic" Fed policymakers, but ‌said he ⁠wants the Fed to be "careful" in doing ⁠so because it could overheat the economy and ​inflation.

"I have ​some ​confidence rates can ‌come down several more times this year in 2026," Goolsbee said in an interview on Fox News. "I ‌just don't want ​to front ​load it ​too much before ‌we actually have ​the evidence ​that the inflation is headed" back down to ​the ‌Fed's 2% goal.

(Reporting by ​Ann Saphir; Editing by ​Chris Reese)

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