Fed’s Goolsbee forecasts several more rate cuts this year, but not soon

Feb 26 (Reuters) – Chicago Federal Reserve President Austan Goolsbee said ​on Thursday his ‌forecast for several interest-rate cuts later this year makes him one ‌of ​the more “optimistic” ⁠Fed policymakers, but ⁠said he wants the Fed to be “careful” in doing so ​because it could overheat the economy ⁠and inflation.

“I ⁠have some confidence ​rates can come down ​several more times this ‌year in 2026,” Goolsbee said in an interview on ⁠Fox News. “I just don’t want to front load it ⁠too ‌much before we ⁠actually have ​the ‌evidence that the ​inflation is ⁠headed” back down to the Fed’s 2% goal.

(Reporting by Ann Saphir; Editing by Chris ​Reese)