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The Fed Must Remain Independent
Yesterday, Chicago Federal Reserve Bank President
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Yesterday, Chicago Federal Reserve Bank President Austan Goolsbee spoke out in defense of central bank independence, arguing that it is essential for achieving low and stable prices. "The independence of the Federal Reserve System is of paramount importance for the country's long-term inflation rate," Goolsbee said Wednesday in an interview with NPR, just days after Fed Chair Jerome Powell stated that the Department of Justice is conducting a criminal investigation against him."Anywhere there is no central bank independence, inflation rises
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