Federal Reserve Bank of Chicago President Austan Goolsbee expressed uncertainty about future interest rate decisions. He said the central bank might need to raise rates or cut them if the war in the Middle East unfolds as expected. If inflation stays under control, multiple rate cuts are possible this year. However, if inflation rises, a rate hike could be necessary.
Source: https://www.bloomberg.com/news/articles/2026-03-23/fed-s-goolsbee-says-he-could-see-circumstances-for-rate-hike