Fed Goolsbee says Iran war impact is inflationary shock
Austan Goolsbee says the war against Iran is an inflationary shock. While jobs and growth remain steady, supply chain issues raise concerns about price increases.
Xurve View
Xurve View
Chicago Fed President Austan Goolsbee warned that the Iran war's impact is evolving into a persistent inflationary shock. Goolsbee noted the conflict has yet to affect employment or growth, avoiding a stagflationary scenario for now. Prolonged price pressures could force the Fed to maintain restrictive rates longer than currently anticipated.
