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Goolsbee: The Federal Reserve may have to wait until 2027 to cut interest rates
ME News message, on April 15 (UTC+8), Chicago Federal Reserve President Goolsby said Tuesday that if the Iran war keeps oil prices high for a long time, thereby slowing the process of inflation falling back to the Fed’s 2% target, the Federal Reserve may need to wait until 2027 before cutting interest rates. He noted that it was originally thought there could be multiple rate cuts in 2026, but if inflation remains elevated, the timing of rate cuts will be delayed. His confidence has weakened, saying that in some cases, interest rates could be raised. (Source: ChainCatcher)