Fed’s Goolsbee Says Bar ‘A Little Higher’ for Near-Term Cuts (1)

Federal Reserve Bank of Chicago President Austan Goolsbee said lower borrowing costs are still possible over the next 10 to 16 months, even as the bar for rate cuts in the near term is “a little higher.”

“Everything is always on the table, but I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some clarity,” Goolsbee said Friday in an interview with CNBC.

Chicago Fed President Austan Goolsbee.

Photographer: Natalie Behring/Bloomberg

Goolsbee said he’s still hopeful that “10 to 16 months from now rates could be a fair bit below where they are today.”

His ...