Chicago Fed President Austan Goolsbee Notes War Duration Could Delay Rate Cuts
Chicago Fed President Austan Goolsbee indicated that the ongoing war is delaying potential interest rate cuts, as the Federal Reserve remains cautious about the economic and inflationary impacts. The Fed has kept rates at 3.50% to 3.75% and is monitoring developments before adjusting policy. The uncertainty surrounding the war's duration is affecting the timeline for rate decisions.
Topics: economic outlook Federal Reserve interest rates stagflation war impact