Federal Reserve's Goolsbee: The vast majority of policymakers believe that interest rates will decline significantly in the next 18 months

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that the vast majority of Federal Reserve policymakers believe that interest rates will significantly decline in the next 18 months, with some signs indicating that inflation may fall below target levels. Given the current rates remain so restrictive, caution must be exercised. A range of broad data suggests that the labor market is cooling, and if productivity continues to grow, this implies higher economic growth, and the neutral interest rate will also rise.