Fed’s Goolsbee: Institutions facing a crisis of trust

Federal Reserve Bank of Chicago President Austan Goolsbee said on Fridya that Federated structure of central bank has worked well, adding that Fed independence is critically important to controlling inflation.

Key quotes

Institutions facing a crisis of trust.

Federated structure of Federal Reserve has worked well.

Everyone on Fed takes the job very seriously.

Central bank independence is critically important to controlling inflation.

Market reaction

At the time of press, the US Dollar Index (DXY) is down 0.03% on the day at 99.01.