Chicago Federal Reserve President Austan Goolsbee has advised against premature interest rate cuts, stressing the importance of caution in the current economic environment. Although he supported a 25-basis-point rate cut at the last FOMC meeting, Goolsbee is hesitant to endorse further reductions due to concerns that inflation remains a threat. He highlighted that the job market is cooling moderately, which does not indicate an imminent recession, and warned that early rate cuts could exacerbate inflationary pressures. Goolsbee's comments suggest a careful, data-driven approach to future monetary policy.