Fed's Goolsbee: 'Several' rate cuts possible this year if inflation gets on track to 2%

By Howard Schneider WASHINGTON, Feb 17 (Reuters) - The U.S. Federal Reserve could approve "several more" interest rate cuts this year if inflation resumes a decline to the central bank's 2% target, Chicago Fed President Austan Goolsbee said on Tuesday, downplaying ‌a recent weak consumer price report as masking strong service price increases. Consumer price inflation for January was a cooler-than-expected 2.4%, ‌but Goolsbee said he partly discounted that result because it was influenced by high inflat ...