Chicago Fed President Goolsbee: The U.S. should cut interest rates if inflation falls back to the 2% target

Chicago Fed President Goolsbee said that if the U.S. inflation rate continues to fall back to the 2% target, policymakers should cut interest rates. Goolsbee said in an interview today, "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 favorite inflation indicator, PCE data in May, rose only 0.1% month-on-month, the lowest level in six months. (Jinshi)