Fed's Goolsbee: "Several" rate cuts possible this year if inflation gets on track to 2%

WASHINGTON, Feb 17 (Reuters) - The U.S. Federal Reserve could approve "several more" interest rate cuts this year if inflation resumes a decline to the central bank's 2% target, Chicago Fed president Austan Goolsbee said on Tuesday, downplaying a recent weak consumer price report as masking strong service price increases.

"If...we can show that we're on path to 2% inflation, I still think there's several more rate cuts that can happen in 2026," Goolsbee said on CNBC. "But we've got to see it" in coming data.