The President of the Federal Reserve Bank of Chicago, Austan Goolsbee, stated that the central bank will continue to lower interest rates unless there are clear indications of economic overheating.

Goolsbee emphasized the objective of achieving a neutral stance for the fed funds rate, which neither restricts nor stimulates economic activity. He stated that unless there is compelling evidence of an overheating economy, there is no reason to stop the decline of the benchmark interest rate.

This statement reflects the ongoing assessment of economic conditions by the Fed and its approach to monetary policy in the current economic landscape.