Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.

Federal Reserve Bank of Chicago President Austan Goolsbee said he foresees the central bank continuing to lower rates toward a stance that neither restricts nor promotes economic activity.

Chicago Federal Reserve bank Leader Austan Goolsbee stated on Monday that the Fed's interest volume-cutting campaign has ways to go, ahead of arriving to a "neutral" volume and that the central bank must keep cutting to achieve that volume so long as the Economy does not display marks of overheating.

Chicago Federal Reserve President Austan Goolsbee said Thursday he sees lower rates ahead, though cautioned that the pace of cuts may need to slow amid uncertainty about where the rate-cut cycle will eventually end.

Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts

Many” senior Federal Reserve officials said uncertainty about the so-called neutral level of interest rates support a more gradual approach in reducing U.S. borrowing costs, new documents show.