Reported about 21 hours ago
Austan Goolsbee, President of the Chicago Federal Reserve, voiced his concerns on CBS' 'Face the Nation' about the potential erosion of the US central bank's monetary independence amidst political pressures, particularly in light of President Trump's recent criticisms of the Fed Chair. He emphasized that central banks with independence achieve better economic outcomes, whereas those lacking it typically experience higher inflation, slower growth, and weaker job markets.
Source: YAHOO