Fed Goolsby said that we will consider interest rate cuts with reference to the Fed's September dot plot. Personally, I prefer not to move directly towards the neutral interest rate, and should slow down when approaching the neutral interest rate. The neutral rate is significantly lower than where the Fed's policy rate is currently. Everything is always on the table in the Fed's policy deliberations. He also said that inflation data must continue to improve, and if you start to see a reversal in the course of inflation, you have to figure out whether this is just a blip. Not much has changed on that front in the past few weeks. However, inflation has been slightly above target recently, and if this continues, inflation will be too high (in the longer term).