Federal Reserve's Goolsby: If reserves are insufficient, it's impossible to set interest rates at the desired level.

According to Odaily Planet Daily, Federal Reserve's Goolsby stated that if reserves are insufficient, interest rates cannot be set at the desired level; with sufficient reserves, the balance sheet must expand as the economy grows.

Furthermore, Federal Reserve official Hamak stated that an independent central bank can produce better results, and the lack of data makes interpreting inflation data more difficult. He found some comfort in market-based inflation indicators, which is a source of optimism regarding the path of price increases. He expressed "great gratitude" for the return of government data to the mainstream, noting the abundance of alternative data in the labor market. (Jinshi)