Federal Reserve's Goolsbee: Due to economic uncertainty, the next rate cut may take longer than expected

According to the Financial Times of UK: The Federal Reserve's Goolsbee warns that due to economic uncertainty, the next rate cut may take longer than expected. He stated that he believes borrowing costs will "significantly reduce" within the next 12 to 18 months. If investors' expectations begin to align with those of American households, the Federal Reserve will need to take action.