US Stocks: Fed's Goolsbee says rate cuts appropriate if inflation falls, but too soon to bet on productivity

The U.S. Federal Reserve could resume cutting interest ​rates if inflation starts to fall, but it would be risky to use expected productivity growth as a reason ​to loosen monetary policy now, Chicago Fed president Austan Goolsbee said as he waded into what is emerging as a core debate at the U.S. central bank.