Chicago Federal Reserve President Austan Goolsbee on Friday explained why he voted against this week's interest rate cut, telling CNBC that policymakers should have waited until they had more information before easing further.

"I'm pretty optimistic that for 2026 rates will will be able to be a fair bit lower than they are today," the central banker said during a "Squawk Box" interview. "But I've just been uncomfortable front-loading too many rate cuts and assuming that what we've seen in inflation will be transitory."

Goolsbee was one of three Federal Open Market Committee members to vote against the quarter percentage point reduction, the third consecutive easing measure. He was joined by Kansas City Fed President Jeffrey Schmid, as well as Governor Stephen Miran, who preferred a steep

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