Asks about the administration issuing criminal subpoenas to the Fed and whether this is appropriate action.
Speaker1
Austan Goolsbee
Attacks on central bank independence are a mess and will cause inflation to come roaring back. We are on a five-year path back to 2% inflation.
Challenges that the Fed should not be immune to inquiry when there are questions about the veracity of Congressional testimony.
Speaker1
Austan Goolsbee
Investigating the Fed as a pretext for disagreeing with rate decisions is a mess. The Fed's job is solely to maximize employment and stabilize prices.
Asks about taxpayer accountability for Fed spending, separate from policy coercion.
Speaker1
Austan Goolsbee
Oversight of costs is appropriate, but direct coercive control of the Fed's budget due to policy differences on interest rates is dangerous.