Goolsby: The neutral interest rate is expected to be around 3%, and he hopes to find a point to stop rate cuts next year

On December 7, Federal Reserve Goolsby said that the state of the U.S. economy will determine the pace at which the Federal Reserve will cut interest rates in the future, but he added that he hopes the Fed will be able to find a point to stop rate cuts by the end of next year. "I hope the situation continues to develop so that we can get closer to the range of neutral policy," Goolsby said. While he did not specify his estimate for the neutral rate, he said it is around 3% (well below the current rate of 4.5% to 4.75%, which is roughly equivalent to the median stop point predicted by Fed officials at their September meeting).