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flag Chicago Fed's Goolsbee opposed recent rate cut, urging delay until 2026 due to persistent inflation and lack of clear data.

flag Chicago Fed President Austan Goolsbee voted against the Fed’s latest 25-basis-point rate cut, urging a delay until at least Q1 2026 due to persistent inflation above the 2% target, especially in services, and insufficient evidence of a sustained decline. flag He emphasized the need for more data, citing ongoing price pressures and a lack of clarity from delayed economic reports. flag Goolsbee, joined by two other dissenters, stressed caution to avoid undermining the Fed’s credibility. flag Meanwhile, Philadelphia Fed’s Anna Paulson, set to become a voting member in 2026, voiced growing concern over labor market weakness, signaling potential future rate cuts despite inflation still above target.

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