Federal Reserve Bank of Chicago President Austan Goolsbee said it’s too early to declare victory in the central bank’s inflation fight, and decisions on interest-rate cuts will be based on incoming economic data. “We’ve made a lot of progress in 2023, but I still caution everyone, it’s not done,” Goolsbee said Sunday in an interview on CBS’s Face the Nation. “And so the data is going to drive what’s going to happen to rates.” Goolsbee has been more optimistic than most policymakers about the prospects of a soft landing for the US economy, lauding inflation progress this year while noting that it’s still far from the ... (full story)