Multiple high-authority and directly relevant primary sources from the Federal Reserve Board, Bloomberg, Reuters, and Trading Economics consistently report that Austan Goolsbee, the Chicago Federal Reserve President, stated that interest rate cuts could occur if inflation reaches or moves toward the Federal Reserve’s 2% target level. The official speech transcript published by the Federal Reserve outlines this view explicitly. Additional corroboration comes from Bloomberg and Reuters reports quoting Goolsbee who indicated that several rate cuts could happen within the year contingent upon inflation returning to target levels. The overall context in Federal Reserve minutes shows that while most officials remain cautious, Goolsbee himself linked potential rate cuts to achieving inflation goals. Minor contrasting coverage, such as CNBC noting his hesitation to cut rates while inflation was above target, does not contradict the core statement—it simply reflects the current condition rather than denying his conditional support for cuts once the target is met. Given strong consistency across credible sources and direct quotations, the statement is assessed as likely true with high confidence.