Chicago Federal Reserve President Austan Goolsbee is cautious about cutting interest rates too quickly due to rising threats of inflation and deteriorating employment numbers. The Federal Open Market Committee recently lowered its benchmark rate by a quarter percentage point, with two more cuts potentially on the way. Goolsbee believes in a gradual approach to rate cuts.

Read more at CNBC: Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly