Fed's Goolsbee nothing in Federal Reserve act says make the stock/Pres. happy

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Chicago Fed Pres. Goolsbee is speaking and says: nothing in Federal Reserve act says the Fed should make the stock and Pres. happy.If actively talking about taking away the independence of the Fed, that is a bad idea.Inflation could come roaring back. Oil prices rising is a stagflationary shock.Fed is now in an uncomfortable situation, no obvious cookbook for Fed This article was written by Greg Michalowski at investinglive.com.