Chicago Fed President Evans: If inflation continues to decline, further rate cuts may be necessary.

Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday that if inflation continues to show further declines, it is possible that interest rates could continue to be lowered. Goolsbee was cautious about the consumer price index report released last week. He said he remains skeptical about whether the trend of slowing prices can continue and hopes to observe the long-term effects of tariff measures.