Chicago Federal Reserve President John Goolsby has expressed opposition to the Fed's recent 25-basis-point rate cut, emphasizing the need for more data on inflation and the job market before considering further reductions. Goolsby, one of three officials who voted against the cut in a 9-3 decision, suggested postponing any rate cuts until early next year. He highlighted that inflation has been above target for over four years and remains a primary concern for businesses and consumers. Goolsby remains optimistic about the potential for significant rate reductions next year, contingent on future data indicating a return to the Fed's 2% inflation target. His stance reflects a cautious approach amid ongoing economic uncertainties.