Goolsbee says he hopes Fed maintains its monetary independence, citing credibility

Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, said he hopes the Federal Reserve maintains its monetary independence amid attacks from President Trump, citing the agency’s credibility.

Goolsbee joined CBS News’s “Face the Nation” on Sunday to weigh in on Trump’s pressure on Federal Reserve Chair Jerome Powell to cut interest rates as the president rolls out his tariff agenda.

“There’s virtual unanimity among economists that monetary independence from political interference...