June 18 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday called the most recent consumer price inflation reading "excellent," and said he sees the potential for more inflation cooling this year.

"It was an excellent inflation number after a few months of less excellent numbers so hopefully we'll see more like that," Goolsbee said at an event at the University of Chicago, of last week's consumer price index reading that showed no rise in inflation from April to May.

Progress had stalled earlier this year, after falling rapidly last year. "The question is kind of, well, how much of that magic extends over into '24 ... I think there is still a little bit of the juice left that's working its way through." (Reporting by Ann Saphir Editing by Chris Reese)