CoinVoice has recently learned that according to Jinshi, Fed's Goolsbee said that as long as inflation continues to fall towards the Fed's 2% target, interest rates will be significantly reduced in the next 12-18 months.
However, Goolsbee agreed with Fed Chairman Jerome Powell that policymakers are in no rush to cut interest rates. "As long as we continue to move toward our 2% inflation goal, interest rates will be much lower than they are today over the next 12 to 18 months," Goolsbee said. [Original link]