Goolsbee says he hopes Fed maintains its monetary independence, citing credibility
Austan Ghoolsby, president and CEO of the Federal Reserve Bank of Chicago, said he hopes the Federal Reserve maintains financial independence and cites the agency’s credibility amid the attacks from President Trump. Ghoolsby joined CBS News’ Face the Nation on Sunday, squeezing Trump’s pressure on Federal Reserve Chairman Jerome Powell as the president rolls out […]
The Fed’s Secret Tightening of Monetary Policy
Federal funds rate also rises The Federal Reserve's decision to cut the federal funds rate by 0.5 percentage points More significant increases in long-term rate estimates. of Economic forecast summary In forecasts released last week to coincide with the Fed's rate cut, the median forecast for the longer-term federal funds rate rose to 2.9%, the […]
Which path will the Fed take to ease monetary policy?
The Federal Reserve Board A new easing cycle This week, the Federal Reserve Board cut the federal funds rate by half a percentage point at its Federal Open Market Committee meeting. Market participants took the news in stride, as they had expected the Fed to cut rates by that amount, not a quarter of a […]