According to online reports, the Federal Reserve Goolsby said that it is still possible to reduce borrowing costs in the next 10 - 16 months, but the threshold for interest rate cuts in the near future is "slightly higher." "Everything is on the table, but I feel that the bar for me to act in any direction is higher as we wait for some clear news," Goolsbee said in an interview on Friday. Goolsbee said he still hopes that "10 to 16 months from now, interest rates may be slightly below current levels." Before Goolsbee's interview, U.S. President Trump threatened to impose a 50% tariff on imports from the European Union and warned that a 25% tariff would be imposed on Apple phones as long as they were not manufactured in the United States. Goolsbee said,"Tariffs like this are really scary for the supply chain, and if there are new major announcements every week, every month or every day, they can't take action until some of these issues are resolved." (He's referring to companies that are trying to make decisions.)"He added that business leaders in his district have expressed concerns about the need for consistency in tariffs and investment.