WASHINGTON, D.C.: A Federal Reserve (Fed) official left open the possibility on Monday of pausing or stopping interest rate hikes at the central bank's next policy meeting in September, saying "there's nothing off the table."

"Thus far we're on the golden path and we've got to walk that line," Chicago Fed President Austan Goolsbee said in an interview on Yahoo! Finance, referring to the path of lowering inflation without triggering a major recession.

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