Fed's Goolsbee: Bar for near-term rate cuts 'somewhat high'

the Federal Reserve's Goolsbee said that it is still possible to lower borrowing costs in the next 10-16 months, but the threshold for recent interest rate cuts is "slightly high." Goolsbee said in an interview on Friday: "Everything is on the table, but I think that while we wait for some clear messages, the threshold for me to take action in any direction should be higher." Goolsbee said he still hopes that "over the next 10 to 16 months, interest rates may be slightly lower than they are now." Before Goolsbee's interview, U.S. President Trump threatened to impose a 50% tariff on imports from the European Union and warned that as long as Apple phones are not manufactured in the United States, a 25% tariff would be imposed on them. Goolsbee said, "Such high tariffs are really scary for the supply chain. If there are new major announcements every week, every month, or every day, they cannot take action until some of these issues are resolved. (He is referring to companies trying to make decisions)" He added that business leaders in his district have expressed concerns about the necessity of tariff and investment consistency.