Chicago Fed President Goolsbee emphasizes economic data focus over political considerations for Federal Reserve decisions.

Chicago Fed President Austan Goolsbee emphasizes the central bank's focus on economic data rather than political considerations or stock market fluctuations. The Federal Reserve is committed to maximizing employment and stabilizing prices, with decisions on interest-rate cuts, maintaining policy, or raising rates based on specific economic indicators. The Fed aims for economic stability and disengagement from political or financial market-related influences.

August 08, 2024
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