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Federal Reserve’s Austan Goolsbee Expects Interest Rates to Settle Much Lower

The U.S. central bank official indicated that borrowing costs are likely to stabilize well below current figures.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, financial stability, and regulating banks.
  • Interest Rates: The cost of borrowing money, expressed as a percentage of the loan amount, set by central banks to influence economic activity.