Fed's Goolsbee Says Job Of A Central Banker Is Not To Respond To Markets Or The President, But To Economic Conditions; Without Fed's Summary Of Economic Projections The World Will Still Be Looking To Understand Officials' Reaction Functions; Historically Us Long Rates Are Not Particularly High; Don't Think It Reflects Loss Of Confidence In Us
https://www.chicagofed.org/publications/speeches/2026/sept-21-omfif
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Why It Matters
A Fed leader explained that the central bank focuses on the economy, not politics or stock markets. When the Fed shares less information, people try harder to guess what leaders will do next.
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