Citing MetaEra, on September 23, Federal Reserve Governor Austan Goolsbee stated that the Fed's current policy is mildly restrictive, with the neutral rate estimated to be 100-125 basis points below current levels. He noted that he personally is not considering a 50-basis-point rate cut at this time. If progress is made toward returning inflation to the target level, interest rates may be reduced. Goolsbee added that the final Fed rate could stabilize around 3%, with inflation returning to 2%.
Fed's Goolsbee: Final Interest Rate May Stabilize at Around 3%
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