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

BY Reuters | ECONOMIC | 02/26/26 02:50 PM EST

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)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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