Fed's Goolsbee hopes US not moving to where monetary independence is questioned

'Political interference': Concerns over RBNZ's capital rules review

The question of political interference at the Reserve Bank of New Zealand hangs in the air as it prepares to review the commercial bank capital rules,...

Political interference with the Fed would mean worse inflation and higher unemployment, top official says

Alex Wong/Getty ImagesMessing with the Fed's independence could result in higher inflation and joblessness, Austan Goolsbee said.Trump has ramped up the pressure on Fed Chair Powell to cut interest rates in recent weeks.The White House has said Trump's team is looking into potentially removing Powell before the end of his term.Meddling with the Federal Reserve's ability to independently set interest rates could result in dire consequences for th…

Chicago Fed's Goolsbee says Fed independence is 'critically important' for its inflation fight

"When there is interference over the long run, it's going to mean higher inflation, it's going to mean worse growth and higher unemployment," Goolsbee said.

Chicago Fed chief warns: Central bank must be independent of Trump

Chicago Fed chief warns: Central bank must be independent of Trump A top Federal Reserve official defended the independence of the central bank on April 20, responding to President Donald Trump’s steady drumbeat of political pressure on the agency. An interviewer on the CBS News program “Face the…

Chicago Fed chief: Central bank must be independent of politics

Austan Goolsbee, the Chicago Fed chief, defended the central bank's independence in a Sunday morning talk-show interview.