Goolsby: The Federal Reserve should not consider government financing costs when formulating policy.

According to ChainCatcher, citing Jinshi, Federal Reserve Chairman John Goolsby stated on Friday that central banks should not consider government borrowing costs when setting interest rate policy, calling it a crucial reason for the Fed's independence. He pointed out that outsiders should not interfere with interest rate decisions, emphasizing the Fed's independence. Goolsby also mentioned that lowering interest rates to reduce government borrowing costs effectively monetizes debt, which is the fundamental reason for the Fed's independence.