Fed's Goolsbee says rate cuts may need to wait until 2027
Fed's Goolsbee says rate cuts may need to wait until 2027
ReutersTue, April 14, 2026 at 1:58 PM UTC
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FILE PHOTO: Chicago Federal Reserve President Austan Goolsbee attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy" in Jackson Hole, Wyoming, U.S., August 21, 2025. REUTERS/Jim Urquhart/File Photo
April 14 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Tuesday said interest-rate cuts may need to wait until 2027, depending on how long oil prices stay high.
"It's our job to get inflation back to 2%," Goolsbee told AP at the Semafor World Economy conference.
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Before the Iran war he had thought tariff inflation would recede this year and allow the Fed to cut rates. "I thought there could be even multiple rate cuts in 2026; the longer this goes where we never got to see the decrease in inflation (and) if the inflation stays up, realistically, I think that starts pushing it out of '26."
(Reporting by Ann Saphir)
Source: “AOL Money”
