Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

By Ann Saphir

(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the “stagflationary” impulse from tariffs.

“I feel like we still need another one at least to figure out if we’re still on the golden path,” Goolsbee told CNBC.

“If we can assure ourselves or get a hint that for this meeting, or the meetings this fall, that we aren’t on an inflationary spiral that looks to be persistent, I still think it makes sense given the strength of the economy to move rates more back to where we think they’re going to settle.”

The U.S. central bank has kept its policy rate un