Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation and raise borrowing costs. He said the debate reinforces the importance of Federal Reserve independence.
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation and raise borrowing costs. He said the debate reinforces the importance of Federal Reserve independence. by Soban News (international And National News)