Economics

453 readers

5 users here now

founded 1 year ago

Fed responds to economic data, not politics or stocks, says Chicago Fed's Goolsbee (finance.yahoo.com)

submitted 3 months ago by 432 to c/economics

0 comments fedilink hide all child comments

Chicago Federal Reserve Bank President Austan Goolsbee on Thursday reiterated that the central bank's job is not to respond to stock market routs or political considerations

"The Fed's out of the election business. The Fed is in the economic business," Goolsbee said in an interview on Fox News, noting the Fed has been very clear about what economic data would motivate an interest-rate cut, a hold on policy, or even a rate hike.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here