Chicago Fed President: If inflation moves toward the target, another rate cut is possible, but that is not the case.

```

On Friday, Austan Goolsbee, President of the Chicago Federal Reserve, stated that if inflation is falling toward the 2% target, the Federal Reserve could cut rates further, but the current situation is not like that.

Goolsbee said: “I believe rates can be further lowered from their current levels—even possibly a few more cuts. But this requires inflation to get back on the path toward 2%. Right now, we are not on track to return to 2%. Inflation is stuck at around 3%, which is unacceptable.”

A report released earlier on Friday showed that U.S. service prices rose faster in January, and Goolsbee reiterated his ongoing concerns about inflation in the services sector. Overall prices rose 2.4% year over year, lower than expected.

After three consecutive rate cuts at the end of last year to address a slowdown in labor market hiring, Federal Reserve officials decided to keep rates unchanged at last month’s meeting. Goolsbee and some of his colleagues said that the labor market now seems more stable, and more progress on inflation will be needed to support further rate cuts.

A report released earlier this week showed that job growth in January remained stable.

Risk Warning and DisclaimerThe market has risks, and investment should be made cautiously. This article does not constitute personal investment advice and does not take into account the individual user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, views, or conclusions in this article are suited to their particular circumstances. You are solely responsible for any investment based on this article. ```