Chicago Fed President Goolsbee: Several more rate cuts possible if inflation proves to be transitory

Joining us now is Chicago Fed President Austin Goulby. Austin, thank you for joining us this morning. >> Great to see you again, Steve.>> Okay, so let's talk about this inflation report that came out. 2.4% on the headline 25 on core. Austin, what is not to like.>> Well, there's some stuff to like, but there are a few things a little bit warning. Remember when the inflation number comes out, that's a backward 12 month moving average. So one month fell out from 12 months ago and that was a really bad inflatio ...