Yonhap Infomax NewsChicago Fed President Austan Goolsbee warns oil price shocks will drive stagflationary inflation before previous tariff-induced price spikes dissipate, drawing parallels to COVID and Ukraine war supply shocks while criticizing any attempts to undermine FOMC independence amid Trump's rate cut pressure.
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Chicago Fed President Warns Oil Shock Will Drive Stagflationary Inflation
Chicago Fed President Austan Goolsbee warns oil price shocks will drive stagflationary inflation before previous tariff-induced price spikes dissipate, drawing parallels to COVID and Ukraine war supply shocks while criticizing any attempts to undermine FOMC independence amid Trump's rate cut pressure.