Today, we’re pulling back the curtain on one of the most powerful institutions in the global economy: the Federal Reserve. The Fed’s meeting later this month isn’t the only reason the central bank is in the headlines. Between President Trump’s push to oust both the BLS Commissioner and Fed Governor Lisa Cook, and his mounting public pressure on Fed Chair Jerome Powell, all eyes are on the Fed like never before. In this special joint episode of Money Rehab and Mo News, Nicole and Mosh are joined by Austan Goolsbee, FOMC member and President of the Federal Reserve Bank of Chicago.
Goolsbee shares what it’s like to be in historic Fed meetings, breaks down the balancing act between inflation and interest rates, and weighs in on the critical role of the Fed’s independence. They also dig into whether the data that guides these billion-dollar decisions is still up to snuff in 2025, and what interest rates might actually look like in the months ahead. If you want to know where interest rates—and the economy—are headed, this is the episode to take to the bank.
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