The Federal Reserve's Goolsbee: The threshold for recent interest rate cuts is "somewhat high."

[Fed’s Goolsbee: The threshold for interest rate cuts in the near future is “somewhat high”] Fed’s Goolsbee said that it is still possible to reduce borrowing costs in the next 10-16 months, but the threshold for interest rate cuts in the near future is “slightly higher”. Goolsbee said in an interview on Friday: “It’s all on the table, but I feel like the bar is a little higher for me to act in any direction while we wait for some clear news.” Goolsbee said he still hopes that “10 to 16 months from now, interest rates could be slightly lower than they are now.” Ahead of Goolsbee’s interview, U.S. President Donald Trump threatened to impose a 50 percent tariff on imports from the European Union and warned of a 25 percent tariff on iPhones as long as they are not made in the United States. “Such high tariffs are really scary for supply chains, and if there’s a new big announcement every week, month or day, they can’t act until some of those issues are resolved,” Goolsbee said. (He was referring to companies that are trying to make decisions)" he added, adding that business leaders in his constituency have expressed concern about the need for tariffs and investment alignment.