Chicago Fed President Goolsbee: If U.S. inflation falls back to 2%, interest rates should be cut

According to Odaily Planet Daily, Chicago Fed President Goolsbee said that if the US inflation rate continues to fall back to the 2% target, policymakers should cut interest rates. In an interview, Goolsbee pointed out that we are on the road to 2% inflation. If you keep interest rates unchanged when inflation is falling, you are tightening, so you should make a decision instead of continuing to sit on your hands. Before Goolsbee made the above remarks, data released last week showed that the Federal Reserve's most favored inflation indicator, the PCE data in May, rose only 0.1% month-on-month, the lowest level in six months.