Goolsbee: The Federal Reserve should not consider government financing costs when making policy

According to Jin Shi reports, Federal Reserve's Goolsbee stated on Friday that the central bank should not consider government financing costs when formulating interest rate policies, and he called this a key reason for the Fed's independence. He pointed out that outsiders should not interfere with interest rate decisions, emphasizing the independence of the Federal Reserve. Goolsbee also mentioned that lowering interest rates to reduce government borrowing costs is essentially monetizing debt, which is the fundamental reason for the Fed to maintain its independence.