Fed's Goolsbee Warns Against Undermining Central Bank Independence
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, issued a warning against actions that may limit central bank independence, just days after U.S. President Trump expressed discontent with Federal Reserve Chairman Jerome Powell. "I strongly hope we do not find ourselves in a position where monetary policy independence is questioned," Goolsbee said. "That would undermine the Fed's credibility." Goolsbee noted that in countries where central banks do not have independent monetary policy, "inflation is indeed higher, economic growth is slower, and job markets are worse."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colombia plans to test CBDC on the Cosmos network for cross-border payments
WLFI: USD1 Fully Backed by U.S. Treasury Bonds

SOON: NFT and Airdrop Claims Scheduled to Begin on May 23
Trending news
MoreCrypto prices
More








