Golden Finance reported that Fed Goolsby said he expected the Fed to continue cutting interest rates to achieve the goal of neither restricting nor promoting economic activity. "Unless there is compelling evidence that the economy is overheating, I see no reason not to continue lowering the federal funds rate," Goolsby said. "The pace of rate cuts depends on the outlook and conditions. But in my view, we are on track to "There's a clear path that will lead to rates falling closer to the neutral rate," he said, his forecast for the neutral rate being close to officials' midpoint estimate of 2.9%. Goolsby said the overall picture in recent months has been that inflation has often been below expectations but not well above the 2% target.