Fed's Goolsbee: The vast majority of people think that interest rates will gradually fall significantly within 12 to 18 months

Fed's Goolsbee said the job market has cooled to full employment, inflation levels are in line with expectations, and the housing market has improved. The overall trend is clearly that inflation has fallen sharply. The Fed must take a longer-term perspective, and the Fed's forecasts show that the vast majority believe that economic conditions will continue to improve and interest rates will gradually fall sharply over the next 12 to 18 months (Jinshi)