Goolsbee: The Federal Reserve should not consider government financing costs when making policy decisions

According to ChainCatcher, citing Golden Ten Data, Federal Reserve's Goolsbee stated on Friday that the central bank should not take government financing costs into account when formulating interest rate policy, emphasizing that this is a key reason for the Fed's independence. He pointed out that outsiders should not interfere with interest rate decisions, underscoring the independence of the Federal Reserve. Goolsbee also mentioned that cutting rates to lower government borrowing costs is essentially monetizing the debt, which is precisely the fundamental reason for the Fed to maintain its independence.