---
title: "Federal Reserve's Goolsbee: Further rate cuts require progress on inflation"
description: "The President of the Federal Reserve Bank of Chicago, Goolsbee, stated that a 3% inflation rate does not meet expectations, and further interest rate cuts will depend on improvements in inflation. He "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276738245.md"
published_at: "2026-02-24T13:06:33.000Z"
---

# Federal Reserve's Goolsbee: Further rate cuts require progress on inflation

> The President of the Federal Reserve Bank of Chicago, Goolsbee, stated that a 3% inflation rate does not meet expectations, and further interest rate cuts will depend on improvements in inflation. He pointed out that low hiring rates are a warning signal and are affected by uncertainty

Chicago Federal Reserve President Goolsbee: A 3% inflation rate is not good enough and does not meet our commitments. Further rate cuts require progress on inflation. Low hiring is a warning signal, but driven by uncertainty.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.