Fed's Goolsbee Economists unanimous that Fed must be independent

Fed's Goolsbee Economists unanimous that Fed must be independent

• Doesn't speak on the economy or monetary policy initially but is now speaking on tariffs and its impact

Fed's Goolsbee and question-and-answer doesn't talk about the economy or Fed policy. He does say:

• Independence of the Fed is important because we don't want inflation to come back.
• Economists unanimous that Fed must be independent from political interference.

Those sentiments are shared by most and even the president has said that he wants the Fed to be independent, but his actions and other words suggest he wants control or more control.

The 11 person list of potential Fed chair replacements seem like he is indeed flexible, but a cynic would look at it as a ploy to appear all-inclusive. The problem is that can never be proved.

More from Goolsbee as he heats up a little bit about the economy and tariffs specifically:

• Tariffs are a stagflation area shock
• He is uneasy about view of tariffs as a one-time shot that creates only transitory inflation
• Coming up our life Fed meetings (HMMM I am not sure how to interpret that comment)