According to Jinshi, Chicago Fed President Goolsbee said the latest inflation data is "very good" and makes him believe that the Fed is moving towards its 2% target. Goolsbee declined to provide guidance on the timing of the first rate cut, but emphasized the importance of the deceleration in housing inflation in recent months, calling it "very encouraging." He has been closely monitoring inflation in this category to determine when interest rates should be cut. Goolsbee also said, "If the economy is overheating, there is a reason to tighten policy. But in my opinion, this is not what an overheated economy looks like." He is open to a pause after a rate cut or a series of rate cuts, and emphasized that the trend of interest rates will depend on inflation data.