In 2025, the Fed FOMC voting committee issued a heavy statement: if tariffs are eliminated, interest rates can be lowered.

According to the Securities Times APP, Austan Goolsbee, a 2025 FOMC voter and president of the Chicago Fed, said that if the final solution of the Trump administration's trade policy can bring the U.S. economy back to the normal track before tariffs were imposed, it would give the Federal Reserve enough room to lower interest rates. Goolsbee believes that if tariffs can be avoided through a trade agreement or other means, considering the potential strength of the U.S. economy and the direction of inflation, the Fed may opt for an interest rate cut policy. "If ultimately we do not impose tariffs, or reach some agreements allowing us to avoid them, then we may return to the state before April 2," Goolsbee said at a public meeting on Thursday.