Chicago Fed President Austan Goolsby 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. “We’ve made a lot of progress in 2023, but I still want to warn you: We’re not done yet,” Goldsby said in an interview on CBS’ Face the Nation on Sunday. “So the data is going to dictate what happens to interest rates.” Goolsby is more optimistic than most policymakers about the prospects for a soft landing for the U.S. economy and is optimistic about the development of inflation this year. While praising him, he also mentioned the following points: (Full text)