Federal Reserve Goulsby: The claim that the Federal Reserve should reduce the federal government's borrowing costs is one of the reasons why it is important for the Federal Reserve to maintain its independence. If fiscal policy is driving inflation, the Federal Reserve must consider this.

Federal Reserve Goulsby: The claim that the Federal Reserve should reduce the federal government's borrowing costs is one of the reasons why it is important for the Federal Reserve to maintain its independence. If fiscal policy is driving inflation, the Federal Reserve must consider this.