Federal Reserve Governor Austan Goolsbee indicated that the Fed's current policy stance is mildly restrictive, with the neutral rate estimated to be 100-125 basis points below current levels. Speaking on September 23, Goolsbee mentioned that he is not considering a 50-basis-point rate cut at this time. He suggested that if inflation progresses towards the target level, interest rates might be reduced, potentially stabilizing the final Fed rate around 3% as inflation returns to 2%.