Fed's Goolsbee: The longer the Fed waits, the more likely it is that rate cuts will need to be delayed until later in the year

Goolsbee of the Federal Reserve said that the longer the Fed waits, the more likely it is that the rate cut will need to be postponed to later. Waiting may come at a cost. Economic slowdown will be the reason for the rate cut, but if inflation exceeds the tariff level or exceeds expectations, the Fed will have to adjust its outlook. (Jinshi)