Fed Could Cut Rates Sooner If Inflation Falls Faster, Top Officials Say
• Fed could cut rates as inflation cools faster than expected to avoid over-tightening policy, says Chicago Fed President Austan Goolsbee
• Goolsbee says if progress on inflation continues faster than forecast, Fed has to take that into account in policy stance
• Echoes other Fed officials that if price pressures ease faster than anticipated, rates could be lowered
• Atlanta Fed's Bostic reiterates rate cuts could begin in Q3 but is open to changing view if inflation falls faster
• Goolsbee reiterates U.S. still on "golden path" to meet inflation target without spurring recession