Goolsbee Signals Significant Room for Policy Adjustment: Terminal Rate Expectations Reset Lower
Federal Reserve official Goolsbee has delivered a notable signal about future monetary policy direction. His key message: the terminal rate will settle substantially below current levels, with ample space available for interest rate reductions ahead.
This perspective carries important implications for financial markets. Rather than treating current policy rates as a plateau, Goolsbee's remarks suggest the central bank anticipates a material shift downward over the coming period. From a practical sta