Fed's Goolsbee: Rates could fall significantly in the next 12 to 18 months
Odaily Odaily News reports that Federal Reserve Governor Goolsbee said: "Inflation is still expected to reach 2%, and today's data shows that the recent surge in inflation is just a 'bump'. My forecast is that the interest rate path in 2025 will be slightly lower. Over the next 12 to 18 months, interest rates may fall significantly. The current policy rate is restrictive, and the policy rate is still far from the neutral rate." (Gold Ten)
