The response from Goolsbee to the non-farm payroll data: When the situation requires a rate cut, it is often not done in a single cut.

Odaily Odaily News: Chicago Fed President Goolsbee stressed that the Fed will not overreact to any economic report, and policymakers will receive a lot of data before the next Fed meeting. Goolsbee spoke after the release of the weaker-than-expected non-farm payrolls report. He said that the Fed's job is to figure out the "continuity" of the data and act in a "stable" manner. However, he pointed out that if restrictive interest rates are maintained for too long, policymakers must consider employment tasks. "If the unemployment rate rises to a level above the neutral interest rate, this is another risk that the Federal Reserve must consider and deal with by law." Goolsbee also said that economic conditions will determine the timing and scale of rate cuts. "When the situation requires a rate cut, it is often not cut once." (Jinshi)