Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before the start of the conflict, he was confident the Fed could cut its benchmark rate this year. "Before the war, before we got the oil shock, I've been on the optimistic side of the rate — I believed rates could come down even multiple times in 2026," Goolsbee said. Most of the businesses that I'm out here talking to in the Midwest say they're a little bit sitting on their hands until they get some resolution, whether it's geopolitical and the price of oil or tariffs, and what the rates are going to settle down to," Goolsbee said.
Author: Aimee Picchi
Published at: 2026-04-03 21:35:27
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