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[Chicago Fed President Goolsbee: Advocates Delaying Rate Cuts Until Early Next Year] Chicago Fed President Goolsbee stated on Friday that he opposes the Federal Reserve's recent decision to cut rates by 25 basis points, advocating instead to delay rate cuts until early next year. Goolsbee believes that more inflation and employment data should be awaited before further rate cuts, pointing out that inflation has been above target for four and a half consecutive years and recent progress has stalled. Goolsbee noted that if data shows inflation returning to the 2% target, rates could be significantly lowered next year.