Federal Reserve Gulsby: Interest rates may be much lower in the next 12 to 18 months

Odaily Planet Daily News: Federal Reserve's Gulsby stated that as long as inflation continues to decline towards the Fed's 2% target, interest rates will significantly decrease in the next 12-18 months. However, Goolsbee agrees with Federal Reserve Chairman Powell that policymakers are not in a hurry to cut interest rates. Gulsby said, "As long as we continue to move towards the 2% inflation target, interest rates will be much lower than they are now in the next 12 to 18 months