Fed's Goolsby warns market has become elated about potential rate cuts from Fed

Chicago Fed President Oestan Golsby spoke in an interview on Fox TV and said:

- Markets have moved ahead of themselves because of euphoria
- If inflation continues to fall, the Fed could reconsider how restrictive it is
- Fed decisions are not political
- What determines whether the Fed could be less restrictive is inflation
- The Fed shouldn't bully what the market wants