Fed Independence Vital for Inflation Fight, Goolsbee Says
Chicago Federal Reserve President Austan Goolsbee has emphasized the importance of central bank independence in fighting inflation. In a recent interview on CNBC’s “Squawk Box,” Goolsbee said that reducing the Fed’s independence would lead to higher inflation, worse growth, and higher unemployment. Goolsbee cited long-run expectations as a critical factor in the Fed’s ability to … Read more