Federal Reserve's Goolsbee: Interest rates may be much lower than now in the next 12 to 18 months

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that as long as inflation continues to decline towards the Federal Reserve's 2% target, interest rates will be significantly lowered in the next 12-18 months.

However, Goolsbee agreed with Federal Reserve Chairman Powell's view that policymakers are not in a hurry to cut rates. Goolsbee said, "As long as we continue to move towards the 2% inflation target, interest rates will be much lower than they are now in the next 12 to 18 months."