Chicago Federal Reserve president Austan Goolsbee sought to calm the fears of a panicked market on Monday.
In an interview on CNBC, Goolsbee said the Fed was prepared to address any stumbles in the economy and reiterated the Fed’s commitment to its mandate to keep prices stable, maintain maximum employment, and “maintain financial stability.” The Fed wouldn’t waver from its objectives. “If there is deterioration on any of those parts we’re going to fix it,” Goolsbee said.
