🔥Gulzby Federal Reserve: Might Have to Wait Until 2027 to Cut Rates


15 April, Chicago Federal Reserve President Goolsby stated that if the Iran war causes oil prices to remain high for a long time, thereby slowing the process of inflation returning to the Fed's 2% target, the Fed may need to wait until 2027 to cut rates. Goolsby said during the Semafor World Economic Conference that originally it was believed there could be multiple rate cuts in 2026; but if inflation remains high, the timing might be pushed back beyond 2026. He added that in some cases, interest rates could be raised, and if the Middle East oil shock is resolved and inflation drops again, the rate cut agenda could be resumed.
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