Fed can probably cut rates a fair bit over the next year: Goolsbee

July 18 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee is a "little wary" about signs in the June consumer price index that tariffs are pushing up goods inflation, but still believes the U.S. economy is in a good place and the Fed's policy rate can come down a "fair bit" over the next 12 months.

"We got a little bit of 'kick up the dirt in the air' aspect from extended policy changes that might kick us off of the path back to 2% inflation," Goolsbee said in an interview aired on the Daily Wire's morning podcast Friday. "But overall, I still think that what's under there could lead rates to be a fair bit lower over the next year, kind of timeframe."