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Gulspie: Federal Reserve Should Not Consider Government Financing Costs When Formulating Policies
Summary: According to sources, Gulspie of the Federal Reserve stated on Friday that the central bank should not take into account government financing costs when setting interest rate policies, emphasizing the importance of the Fed's independence. He emphasized that external parties should not interfere with interest rate decisions, highlighting the Fed's independence. Gulspie also mentioned that ...
According to sources, Gulspie of the Federal Reserve stated on Friday that the central bank should not take into account government financing costs when setting interest rate policies, emphasizing the importance of the Fed's independence. He emphasized that external parties should not interfere with interest rate decisions, highlighting the Fed's independence. Gulspie also mentioned that lowering interest rates to reduce government borrowing costs actually monetizes debt, which is the fundamental reason for the Fed to maintain independence.
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Link: Gulspie: Federal Reserve Should Not Consider Government Financing Costs When Formulating Policies [Copy]
