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Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

Federal Reserve Bank of Chicago CEO Goolsbee speaks to Economic Club of New York

Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. REUTERS/Brendan McDermid

 Brendan McDermid

(Reuters) -Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy independent of political pressure is questioned.

Goolsbee, responding to a question on CBS' "Fact the Nation" about President Donald Trump's outbursts last week against Fed Chair Jerome Powell, said economists agree that central banks that have the ability to conduct monetary policy with no political tampering have better outcomes for their economies.



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