However, he went on to back up Chair Jerome Powell 's statement Thursday that the Fed doesn't need to be "in a hurry" to cut.
"I do think if there's disagreement of what's the neutral rate, it does make sense at some point to start slowing."
Getting to neutral, or a place that neither boosts nor restrains growth, is the Fed's ultimate goal, but Trump's victory could complicate the journey.
The burst of euphoria after Trump's win actually complicates the situation by providing looser financial conditions that might make the Fed slower to ease.
In any event, traders see a high likelihood that even if a December cut does happen, the Fed almost certainly will skip January as it assesses the landscape.
Persons:
Donald Trump, Austan Goolsbee, Goolsbee, Jerome Powell, Susan Collins
Organizations:
Trump, Wall, Federal, Chicago Federal, CNBC, Wall Street Journal, Boston Fed, Traders