[Federal Reserve Officials Explain Opposition to Rate Cuts: Inflation Risks Remain High, More Data Needed] Chicago Fed President Goolsbee stated that voting against rate cuts was aimed at waiting for more data to determine the impact of tariffs on inflation. Goolsbee remains optimistic that rates could significantly decrease next year. Kansas City Fed President Schmid pointed out that inflation is still too high and economic growth remains strong, with current policy only slightly restrictive. Philadelphia Fed President Paulson noted that while the labor market is under pressure, it has not collapsed. The Federal Reserve will evaluate the impact of tariffs and artificial intelligence on the economy.