Fed’s Goolsbee Sees Several Rate Cuts If Inflation Falls (1)

Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday there is potential for more interest rate cuts this year, if inflation continues to return towards the central bank’s 2% target.

Warning that services inflation remains elevated, Goolsbee said if price hikes linked to tariffs are a one-off, it could allow policymakers room to move.

“I do think that if this proves to be transitory, and we can show that we’re on path back to 2% inflation, I still think there’s several more rate cuts that can happen in 2026, but we’ve got to see it,” Goolsbee told CNBC in ...