The Steady Drip: Fed's Goolsbee Sees Lower Interest Rates in a Year (Connecting the Dots: Austan D. Goolsbee, Center for American Progress, The Federal Reserve Bank of Chicago, The Federal Reserve System, The Commercial Club of Chicago, Jerome H. Powell (Jay), The Carlyle Group, The Economic Club of Washington & Soros Funding, All Networking)

Fed's Goolsbee Sees Lower Interest Rates in a Year (Connecting the Dots: Austan D. Goolsbee, Center for American Progress, The Federal Reserve Bank of Chicago, The Federal Reserve System, The Commercial Club of Chicago, Jerome H. Powell (Jay), The Carlyle Group, The Economic Club of Washington & Soros Funding, All Networking)

Newsmax.com

Wednesday, 26 March 2025 07:31 AM EDT

Chicago Federal Reserve Bank President Austan Goolsbee (J. Scott Applewhite/AP/2013 file)

https://www.newsmax.com/finance/streettalk/austan-goolsbee-federal-reserve/2025/03/26/id/1204373/

Chicago Federal Reserve Bank President Austan Goolsbee said he expected interest rates to be "a fair bit lower" in 12-18 months but added that it may take longer than anticipated for the next cut because of economic uncertainty, according to a Financial Times interview published Wednesday.

Goolsbee, a voting member of Fed's rate-setting committee this year, told the FT that if markets start factoring higher inflation then he would view that as "a major red flag area of concern" for policymaking decisions.

"My view is that when there’s dust in the air, 'wait and see' is the correct approach when you face uncertainty,” he told the FT in an interview.

Fed policymakers left the central bank's benchmark interest rate in the 4.25%-4.50% range earlier in March and signaled they still expect to lower it at some point later this year.

Fed Chair Jerome Powell later said that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the economy quickly.

Connecting the Dots:

Foundation to Promote Open Society was a funder for the Center for American Progress.

George Soros was the chairman for the Foundation to Promote Open Society and a supporter for the Center for American Progress.

Austan D. Goolsbee was a distinguished senior fellow at the Center for American Progress, a director, Economic Recovery Board, council of economic adviser’s chairman for the Barack Obama administration and is the president of the Federal Reserve Bank of Chicago.
Federal Reserve Bank of Chicago is a bank in the Federal Reserve System.

Gregory Q. Brown is a director at the Federal Reserve Bank of Chicago and a member of the Commercial Club of Chicago.
Charles L. Evans is the president & CEO for the Federal Reserve Bank of Chicago and a member of the Commercial Club of Chicago.

William C. Foote is a director at the Federal Reserve Bank of Chicago and a member of the Commercial Club of Chicago.

Terry Mazany is a director at the Federal Reserve Bank of Chicago and a member of the Commercial Club of Chicago.

Frederick H. Waddell is a director at the Federal Reserve Bank of Chicago and a member of the Commercial Club of Chicago.

Anthony K. Anderson was a director at the Federal Reserve Bank of Chicago and is a member of the Commercial Club of Chicago.

John A. Canning Jr. was the chairman for the Federal Reserve Bank of Chicago and is a member of the Commercial Club of Chicago.

Silas Keehn was the president for the Federal Reserve Bank of Chicago and is a member of the Commercial Club of Chicago.

Michael H. Moskow was the president & CEO for the Federal Reserve Bank of Chicago and is a member of the Commercial Club of Chicago.

Thomas J. Wilson was a director at the Federal Reserve Bank of Chicago and is a member of the Commercial Club of Chicago.

Valerie B. Jarrett was a board member for the Federal Reserve Bank of Chicago, is a member of the Commercial Club of Chicago and the senior adviser for the Barack Obama administration.

Barack Obama is the president of the Barack Obama administration and was an intern at Sidley Austin LLP.

Michelle Obama was a lawyer at Sidley Austin LLP.

Newton N. Minow is a senior counsel at Sidley Austin LLP and a member of the Commercial Club of Chicago.

R. Eden Martin is the president of the Commercial Club of Chicago and counsel at Sidley Austin LLP.

Cameron F. Kerry is a senior counsel at Sidley Austin LLP, John F. Kerry’s brother and a fellow at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Cyrus F. Freidheim Jr. is an honorary trustee at the Brookings Institution (think tank) and a member of the Commercial Club of Chicago.

Valerie B. Jarrett is a member of the Commercial Club of Chicago, Vernon E. Jordan Jr’s great niece and was the senior adviser for the Barack Obama administration.

Vernon E. Jordan Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at the Brookings Institution (think tank) and was the president of the Economic Club of Washington.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

David M. Rubenstein is co-chairman for the Brookings Institution (think tank), the president of the Economic Club of Washington a co-founder & co-CEO for the Carlyle Group and Joe Biden spent Thanksgiving with him.

Edward J. Mathias is a director at the Economic Club of Washington and a managing director at the Carlyle Group.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve System.

Federal Reserve Bank of Chicago is a bank in the Federal Reserve System.

Paul A. Volcker was the chairman for the Federal Reserve System, a lifetime trustee at the Aspen Institute (think tank) and the president for the Federal Reserve Bank of New York.

Paul F. Anderson is a trustee at the Aspen Institute (think tank) and was a senior partner at Booz Allen Hamilton.

Booz Allen Hamilton is a contractor for Obamacare.

James S. Crown is the vice chairman for the Aspen Institute (think tank) and a member of the Commercial Club of Chicago.

Lester Crown is a member of the Commercial Club of Chicago and was a lifetime trustee at the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank) and the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Lee C. Bollinger was the chairman for the Federal Reserve Bank of New York and is a trustee at the Committee for Economic Development.

William J. McDonough was the president & CEO for the Federal Reserve Bank of New York and is a trustee at the Committee for Economic Development.

Peter G. Peterson was the chairman for the Federal Reserve Bank of New York and is a trustee at the Committee for Economic Development.

John E. Sexton was the chairman for the Federal Reserve Bank of New York, the chair Council of Chairs for the Federal Reserve System and is a trustee at the Committee for Economic Development.

Roger W. Ferguson Jr. was the vice chairman for the Federal Reserve Board and is a co-chairman for the Committee for Economic Development.

Barbara B. Grogan was the chair - Denver branch for the Federal Reserve Bank of Kansas City and is a trustee at the Committee for Economic Development.

James E. Rohr was a director – Cleveland for the Federal Reserve Bank of Cleveland, a member of the Federal Advisory Council to the Federal Reserve Board and is a trustee at the Committee for Economic Development.

Jeffrey A. Joerres is a director at the Federal Reserve Bank of Chicago and a trustee at the Committee for Economic Development.

Lloyd Howell Jr. is a trustee at the Committee for Economic Development and the EVP for Booz Allen Hamilton.

Booz Allen Hamilton is a contractor for Obamacare

Foundation to Promote Open Society was a funder for the Committee for Economic Development.

George Soros was the chairman for the Foundation to Promote Open Society.

Donna S. Morea was a trustee at the Committee for Economic Development and the EVP for the CGI Group Inc.

CGI Group Inc. was the Obamacare contractor that developed Healthcare.gov web site.

Obamacare is Barack Obama’s signature policy initiative.

Barack Obama’s signature policy initiative is Obamacare, was an intern at Sidley Austin LLP and the president for the Barack Obama Administration.

Michelle Obama was a lawyer at Sidley Austin LLP.

R. Eden Martin is counsel at Sidley Austin LLP and the president of the Commercial Club of Chicago.

Newton N. Minow is a senior counsel at Sidley Austin LLP, an honorary trustee at the Carnegie Corporation of New York, and a member of the Commercial Club of Chicago.

Carnegie Corporation of New York was a funder for the RAND Corporation.

RAND Corporation is an Obamacare contractor.

Valerie B. Jarrett was the senior adviser for the Barack Obama Administration, is a member of the Commercial Club of Chicago and Vernon E. Jordan Jr’s great niece.

Vernon E. Jordan Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at the Brookings Institution (think tank) and was the president of the Economic Club of Washington.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Edward J. Mathias is a director at the Economic Club of Washington and a managing director at the Carlyle Group.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve System.

Federal Reserve Bank of Chicago is a bank in the Federal Reserve System.

John Major was the chairman of Carlisle Europe for the Carlyle Group, his private secretary & foreign affairs adviser was Charles D. Powell, the prime minister for the United Kingdom and is a co-president for the Chatham House.

Royal Institute of International Affairs is the former name of the Chatham House.

Queen Elizabeth II is a patron for the Chatham House and the queen for the United Kingdom.

Charles D. Powell was private secretary & foreign affairs adviser for John Major, Margaret Thatcher’s private secretary & foreign affairs adviser, is a member of the House of Lords and a trustee at the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank), the International Rescue Committee and the Center for American Progress.

George Soros was the chairman for the Foundation to Promote Open Society and a supporter for the Center for American Progress.

David Miliband is a distinguished senior fellow at the Center for American Progress, the president & CEO for the International Rescue Committee, Ed Miliband’s brother, was a member of the House of Commons and the foreign secretary; secretary of state for the enironment; minister for schools for the United Kingdom.