Federal Reserve's Goolsbee: Optimistic about the possibility of further rate cuts this year

Odaily Planet Daily reports that Federal Reserve’s Goolsbee expressed optimism about further interest rate cuts this year, but only if inflation begins to return to the target level. Relying on productivity improvements to reduce inflation or using them as a reason to cut rates is not advisable, as rate cuts based on expected productivity gains could lead to an overheating economy. (Jin10)