According to a report by Jinshi Data, Fed's Goolsbee stated that borrowing costs may be lowered in the next 10 to 16 months, but the threshold for a rate cut in the near term is quite high. He emphasized that the threshold for taking action remains high while waiting for clear signals.
Goolsbee pointed out that interest rates may be slightly lower than the current level. U.S. President Trump threatens to impose a 50% tariff on EU imported goods and a 25% tariff on non-U.S. manufactured iPhones. Goolsbee said that high tariffs seriously impact the supply chain, and business leaders express concerns about the consistency of tariffs and investments.