Reported about 11 hours ago
Chicago Federal Reserve president Austan Goolsbee defended Jerome Powell's leadership and the importance of central bank independence in light of pressure from the Trump administration. Goolsbee described Powell as a 'totally honorable guy' and emphasized that political interference can harm the economy. He echoed Powell's cautious approach to interest rates, indicating that current tariff announcements complicate inflation predictions and that more time is needed before making policy changes.
Source: YAHOO