Goolsbee warns Iran war oil spikes pose stagflation risk
Chicago Fed President Austan Goolsbee warns that rising oil prices from the Iran war could cause stagflation. He says the Fed faces a complex policy challenge.
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Chicago Federal Reserve Bank President Austan Goolsbee expressed concern on Tuesday that the conflict involving Iran could trigger a stagflationary shock, driving inflation higher while simultaneously slowing growth in the United States. Goolsbee noted that the central bank is in an uncomfortable position with no clear policy guide for the current situation.
