A prominent House Republican has stepped forward to defend the Federal Reserve’s independence against interference attempts by President Trump. This stance was echoed by Austan Goolsbee, president of the Chicago Federal Reserve, who emphasized the critical importance of the Fed’s autonomy in combating inflation. In a recent interview on CBS’s “Face the Nation,” Goolsbee warned against any measures that could undermine the central bank’s independence. This support comes as the Fed continues its challenging mission to stabilize the economy without political influence.
— new from Axios