Austan Goolsbee, president of the Chicago Fed, says Chair Warsh’s new policy to cut back on forward guidance could prevent dings to Fed credibility.
“Marketplace” host Kai Ryssdal spoke with Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about Fed independence, what the government shutdown means for federal data, and inflation risks.
The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
