Core Viewpoint - The Federal Reserve's Goolsbee expresses confusion over the rationale for lowering interest rates to make government debt cheaper, emphasizing that the Fed's responsibilities lie in employment and price stability [1] Summary by Relevant Categories - **Federal Reserve's Responsibilities** - The primary duties of the Federal Reserve include managing employment levels and controlling inflation [1] - **Interest Rates and Government Debt** - There is a lack of clarity regarding the need to reduce interest rates for the purpose of making government debt more affordable [1] - **Current Economic Conditions** - The Federal Reserve is facing potential disruptions and ambiguities that need to be addressed [1]

Core Viewpoint - The scale of U.S. debt has not impacted the Federal Reserve's ability to fulfill its responsibilities [1] Group 1 - The Federal Reserve maintains that its operations and policy implementations remain unaffected by the current debt levels [1]

Core Viewpoint - The Federal Reserve's Logan emphasizes that any failure within their responsibilities will incur significant costs [1] Group 1 - The Federal Reserve is focused on maintaining its responsibilities to avoid economic repercussions [1]

Core Viewpoint - The President of the San Francisco Federal Reserve, Daly, emphasizes the importance of the Federal Reserve's dual mandate of achieving both employment and a 2% inflation target [1] Group 1 - The Federal Reserve is committed to its dual responsibilities of managing employment and price stability [1] - Achieving a 2% inflation target is a key focus for the Federal Reserve [1]