Federal Reserve Bank of Chicago President Goolsbee: The recent cooling of inflation is encouraging, but more data is needed to confirm a return to the 2% target.

According to the Zhitong Finance APP, Chicago Fed President Goolsbee expressed that he is encouraged by the recent cooling of inflation in the United States. However, he still hopes to see a similar trend of improvement in the coming months before being convinced that prices are consistently returning to the Federal Reserve's 2% target. At the same time, he believes that U.S. economic growth and the labor market are currently "fundamentally stable," with inflation remaining his primary concern.