Federal Reserve Bank of Chicago President Austan Goolsbee said officials should consider cutting interest rates as inflation falls to avoid keeping policy too tight, though he stressed the central bank will make decisions meeting-by-meeting. “If we continue to make surprising progress faster than was forecast on inflation, then we have to take that into account in determining the level of restrictiveness,” Goolsbee said Friday in an interview on CNBC. As inflation comes down, “we would clearly be evaluating the responsiveness.” The Chicago Fed chief, who does not vote on policy decisions this year, didn’t comment ... (full story)