[Federal Reserve's Goolsbee: More Evidence Needed to Confirm Inflation is Easing] BlockBeats News, August 15, Chicago Fed President Goolsbee stated that the recent CPI data is encouraging, but inflation in May and June was still elevated. Only if the momentum from June continues over the next three to four months can it be confirmed that prices are steadily returning to the 2% target. He supported keeping interest rates unchanged in July, noting that inflation remains the primary concern, while the economy and employment are 'basically stable.' He warned that a continued decline in retail sales would be worrisome, as consumption is a key pillar of the U.S. economy. Additionally, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth cannot be sustained, the narrative surrounding AI and monetary policy will need to be reassessed. As for whether to reduce the number of policy meetings, Goolsbee said he has no strong opinion and is willing to wait for recommendations from the working group. (Jin10)