The Economist Austan Goolsbee Prefers Not To Rely On Market Reactions

The Fed is expected to be under a lot of pressure in March. Economic expectations, especially the rate hike, entail a process in which the Fed will be closely watched around the world. As such, any statements made by the Fed will continue to be closely watched. Finally, Austan Goolsbee’s statements were much discussed in a question and answer session. Now his words will be interpreted with the markets’ reactions.

What Did Austan Goolsbee Say?

Chicago Fed President Austan Goolsbee, who took office last month, said central banks should not make decisions based on investors’ immediate reactions to the news because economic data arrive with a lag.

Chicago Fed President Austan Goolsbee said central banks should focus on the performance of the economy, not financial markets, when choosing the best monetary policy stance.

more information ; 724 Feed