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: 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.

Goolsbee says he hopes Fed maintains its monetary independence, citing credibility

Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, said he hopes the Federal Reserve maintains its monetary independence amid attacks from President Trump, citing the agency’s credibility. Goolsbee joined CBS News’s “Face the Nation” on Sunday to weigh in on Trump’s pressure on Federal Reserve Chair Jerome Powell to cut interest rates as the president rolls out his tariff agenda. “There’s virtual unanimity among econo…

Chicago Fed president Austan Goolsbee says a move by Trump to terminate Jerome Powell would ‘undermine the credibility of the Fed’

President Donald Trump said this week Jerome Powell’s “termination cannot come fast enough.”