The Bar for Near-Term Rate Cuts Is ‘A Little Higher,’ Fed’s Goolsbee Says

Federal Reserve Bank of Chicago President Austan Goolsbee said lower borrowing costs are still possible over the next 10 to 16 months, even as the bar for rate cuts in the near term is “a little higher.”

“Everything is always on the table, but I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some clarity,” Goolsbee said Friday in an interview with CNBC.