27 March | Dollar

Chicago Fed President sees slower pace of rate cuts due to US economic uncertainty

Chicago Fed President sees slower pace of rate cuts due to US economic uncertainty

According to the president of the Federal Reserve Bank of Chicago Austan Goolsbee, the US interest rate will be slightly lower in 12–18 months. The official does not expect the cost of borrowing to drop soon due to US economic uncertainty.

Goolsbee believes that rising US inflation may become a serious cause for the Federal Reserve's concern when making monetary policy decisions. At the March 18–19 meeting, the US central bank left the rate steady at 4.25–4.5%. However, officials made it clear that they plan to deliver more easing later this year.

Fed Chair Jerome Powell says US President Donald Trump's trade policies will delay the regulator's progress in reducing inflation this year. However, according to the central bank's forecasts, the impact of tariffs on consumer prices will be short-lived.

Anton Volkov MarketCheese
Period: 21.11.2025 Expectation: 1078 pips
GBPUSD falls as bullish pressure fades and budget risks loom
Yesterday at 11:04 AM 19
Brent sell
Period: 28.11.2025 Expectation: 300 pips
Brent crude capped by $65–$66 resistance
Yesterday at 09:27 AM 27
Period: 21.11.2025 Expectation: 660 pips
AUDCAD may enter short-term correction
Yesterday at 09:19 AM 19
Period: 21.11.2025 Expectation: 800 pips
Selling SPX as risk-off mood kicks in
Yesterday at 07:05 AM 14
Period: 20.11.2025 Expectation: 280 pips
Fading bullish momentum is good reason to sell natural gas
13 November 2025 41
Period: 31.12.2025 Expectation: 800 pips
USDCAD with 1.4090 play is worth buying
13 November 2025 46
Go to forecasts