President of the Federal Reserve Bank of Chicago Austan Goolsby He said it was too early to declare victory in the central bank’s fight against inflation and that any decision to cut interest rates would be based on future economic data.
“I want to warn everyone that although we have made a lot of progress in 2023, we are not done yet,” Goldsby said in an interview on CBS on Sunday. Let’s face the nation. “So the data is going to dictate what happens to interest rates.”