Federal Reserve President Austan Goolsbee reiterated that U.S. service-sector inflation is not mild, with goods facing higher price increases under elevated tariffs. He reaffirmed 3% as the neutral interest rate target and indicated that multiple rate cuts could follow if inflation trends downward. Goolsbee stressed that clear evidence of inflation returning to the 2% target would be required before easing policy, highlighting ongoing tariff-related and sector-specific price pressures.