Federal Reserve Goolsby: Due to economic uncertainty, the next rate cut may take longer than expected

According to the Financial Times: Federal Reserve Goolsbee warned that the next rate cut could take longer than expected due to economic uncertainty, saying he believes borrowing costs will be "significantly lower" over the next 12 to 18 months and that the Fed will need to act if investor expectations start to converge with those of U.S. households. (Jin Ten)