Fed's Goolsbee: If Inflation Declines, There Will Be Multiple Rate Cuts in the Future

Odaily News Fed's Goolsbee stated that service sector inflation is "not moderate"; goods with higher tariffs tend to see larger price increases; if inflation declines, there will be multiple rate cuts in the future; this does not mean we can reach an agreement soon, but the path to an agreement has opened; view 3% as a loose target for the neutral rate; need some evidence that inflation is returning to 2%. (Jin10)