Federal Reserve's Goolsbee indicated that there is still a possibility of lowering borrowing costs in the next 10 to 16 months, but the threshold for a rate cut in the near term is 'somewhat high.' Goolsbee stated in an interview on Friday: 'Everything is on the table, but I feel that as we wait for some clear messages, my threshold for taking action in either direction is somewhat higher.' Goolsbee expressed that he still hopes that 'in the next 10 to 16 months, interest rates may be slightly lower than they are now.' Before Goolsbee's interview, U.S. President Trump threatened to impose a 50% tariff on imports from the European Union and warned that a 25% tariff would be imposed on Apple phones unless they are manufactured in the U.S. Goolsbee stated, 'Such high tariffs are really scary for the supply chain; if there are new major announcements every week, month, or day, they cannot take action until some of these issues are resolved. (He referred to companies trying to make decisions.)' He added that business leaders in his district have expressed concerns about the necessity of tariff consistency and investment.