Chicago Fed Chair Goolsbee Suggests Potential Rate Cuts Amid Cooling Inflation Trends

Chicago FED President Austan Goolsbee recently commented on how the moderate June inflation data could warrant a reduction in interest rates. He noted that the decrease in inflation-adjusted short-term interest rates puts pressure on maintaining a fixed rate policy, which could become overly restrictive. Goolsbee described the latest inflation figures as “excellent,” highlighting their importance