Chicago Fed Pres. Goolsbee is speaking and says:
- nothing in Federal Reserve act says the Fed should make the stock and Pres. happy.
- If actively talking about taking away the independence of the Fed, that is a bad idea.
- Inflation could come roaring back.
- Oil prices rising is a stagflationary shock.
- Fed is now in an uncomfortable situation, no obvious cookbook for Fed
This article was written by Greg Michalowski at investinglive.com.
