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Goolsbee: The Federal Reserve may have to wait until 2027 to cut interest rates
ME News Report, April 15 (UTC+8), Chicago Federal Reserve President Goolsby stated on Tuesday that if the Iran war causes oil prices to remain high for a long time, thereby slowing the process of inflation returning to the Fed’s 2% target, the Federal Reserve may need to wait until 2027 to cut interest rates. He mentioned that it was originally believed that there might be multiple rate cuts in 2026, but if inflation remains high, the timing of rate cuts will be delayed. His confidence has weakened, noting that in some cases, interest rates may be raised. (Source: ChainCatcher)