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

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… Chicago Fed Pres. Goolsbee is speaking and says: . Nothing in Federal Reserve act says the Fed should make the stock and Pres. happy. 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. My immediate concern is stagflationary shock of… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.