Chicago Fed Goolsbee: Federal Reserve must be a stabilizing force during stock market and policy turbulence.

Chicago Federal Reserve Bank President Austan Goolsbee stated that it is important for central bank officials not to react to daily fluctuations in the stock market and economic policy commentary. He also pointed out that the current economic data remains stable. "We must remember that the Fed's responsibility is to be a 'steady hand,' not to react to daily fluctuations in the stock market or policy statements," Goolsbee said. "The data we continue to receive shows that everything is at least somewhat normal."