Goldman Sachs’s chief economist says the market may be getting ahead of itself on rate cuts—and decreases won’t come as soon as people hope

Jan Hatzius, chief economist at Goldman Sachs (Credit: Christopher Goodney—Bloomberg via Getty Images)

After a period of painful rate hikes it's inevitable that analysts and consumers alike are searching for light at the end of the tunnel—or in this case, a reduction in the base rate.

So while Jerome Powell and the rest of the Fed are expected to continue to hold rates at a 22-year high, experts are also looking down the line at when this tax rate is likely to begin to drop.