Fed Is “World’s Greatest Deliberative Body,” Member Claims With “No Irony”
Plus, Wall Street Journal crusades against U.S. strike on Iran nukes, and more
New personal consumption expenditure data from this morning show minimal inflation for the third month in a row.
Meanwhile, a sophisticated reader passed along a June 25, 2025 podcast interview of the president of the Federal Reserve Bank of Chicago, Austan Goolsbee, with George Mason University professor Tyler Cowen. Goolsbee praises the Fed Open Market Committee, of which he is a member:
Goolsbee: I said with no irony, “I consider the FOMC to be the world’s greatest deliberative body at this point.” No offense to the US Senate or to anyone else, it’s an amazing group.
Amazing indeed.
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