Goulsby expressed unease with December's rate cut, unwilling to bet too much on "temporary inflation"

The Federal Reserve's Mr. Goolsbee hinted that he remains uneasy about cutting interest rates again at the Fed's December meeting. Mr. Goolsbee said on Thursday that the pullback in inflation "seems to have stalled, and it's even a warning that it's going in the wrong direction. So that makes me a little uneasy." A growing number of policymakers have expressed concern about cutting rates too much while inflation remains high. Last month's meeting notes showed that many officials were inclined to oppose another rate cut in December, despite the second in a row. Consumer prices rose 3 percent in September, still above the Fed's 2 percent target. Inflation had slowed earlier this year, but prices rose again after the new tariffs were introduced. "The economy is pretty strong and I think eventually we're going to go back to where'interest rates can come down a lot '," Mr. Goolsby said. "But in the near term, I'm a little uneasy about cutting rates a lot early and hoping'this will be temporary and inflation will come down'."